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Monday, February 4, 2013

HTC quarterly results show a drop in profit

Financial results from HTC show revenue of NT$60.0 billion (£1.29 billion) and net income of  NT$1.0 billion (£21.5 million) for the final quarter of 2012, as anticipated in the company’s preliminary announcement last month. That’s a drop in profit of more than 90% year-on-year.

The company’s Q1 2013 outlook is for revenue between NT$50 billion and NT$60 billion, with an operating margin of between 0.5% and 1%.

Peter Chou, CEO of HTC, said “We continue to focus on the most important element of our business: innovation. Our teams are delivering beautifully designed phones, containing the newest technological advancements. Outstanding products, paired with improvements in our marketing execution and overall readiness give us reason to feel optimistic about the progress we will make in 2013.”

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Author: The Fonecast
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