HTC posts 41 million USD net profit in Q2 2013, expects first losses in Q3

It is the results season, and every company has been relentlessly working on posting its numbers for the investors to analyze, and HTC is no exception. They have just revealed their complete audited performance numbers for Q2 2013 today. With the HTC One doing well, the revenue has increased, so has the profits, but that hasn't stopped the company from expecting to post its first losses ever, from 0 to 8%, in the next quarter. The low impact of mid range devices from HTC are to be blamed as the company repeatedly ensured that it will have renewed focus on that specific market segment. On the other hand, the HTC One is apparently doing so well that the shipments have been better than what the previous flagship could do, the same time last year. This is largely thanks to the improve market performance in Asian countries like HTC's home Taiwan, China and Japan. However, reiterating the mid range problem, HTC plans to fix it by - We also have plans underway to launch a range of innovative and competitive mid-tier products in the coming months. We hope to regain momentum and market share in these segments in Q4. This will address our ...



Source: http://www.fonearena.com/blog/76846/htc-posts-41-million-usd-net-profit-in-q2-2013-expects-first-losses-in-q3.html

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