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Thursday, May 2, 2013

HTC confirms profit drop in quarterly results

HTC has confirmed its financial results for the first quarter of 2013, having released unaudited results last month.

Revenue was NT$42.8 billion (£929 million), while net income was NT$85 million (£1.85 million). That’s a 37% year-on-year drop in revenue and a 98% drop in profit. The company expects revenue to increase to around NT$70 billion in the current quarter.

The new flagship HTC One smartphone was announced in February this year.

[HTC results]

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Author: The Fonecast
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Categories: Handsets and manufacturers, NewsNumber of views: 1923

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