Thursday 3 July 2014
HTC's Q2 barely beats estimates, profit climbs to $75 million
Taiwanese smartphone maker HTC reported its fiscal flash quarter pay packet Thursday with results to some extent beating expectations.
HTC reported a web profit of US $75.6 million ($2.26 billion different Taiwan dollars), an 80 percent proliferation from the same quarter a time before, and to come of the NT$2.09 billion analysts anticipated.
HTC additionally managed to dig itself unfashionable of a three-quarter mark of operating losses, with the current quarter relocation an operating profit of NT$2.43 billion. Revenue however was down from the same count carry on time, next in the sphere of by the side of NT$65.06 billion and barely discussion HTC's guidance range of concerning NT$65 billion and NT$70 billion.
Hopes of a economic gyrate on behalf of the smartphone maker hung powerfully on the company's different flagship handset on behalf of 2014, the HTC single M8, which rolled unfashionable in the sphere of protest. HTC's CFO Chang Chialin told investors in a seminar call in the sphere of possibly will with the aim of pay packet would return to profit on behalf of the June quarter, having the status of sales of the M8 continued climbing.
HTC chief executive Peter Chou thought in with the aim of same possibly will seminar call with the aim of the company was witnessing a "positive customer response" to the different flagship phone: "We retain dramatically improved our operational efficiency and supply procession skill to ensure immediate availability on the launch day of the week."
The device seems to retain buoyed the quarter somewhat, but the company still struggles to compete with rivals Samsung and Apple – both of which are likely to let loose next-generation smartphones soon this time.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Note: only a member of this blog may post a comment.