HTC has posted its financial report for the three months ending on March 31 and it shows the company is still going through a rough patch. Just as the earnings guidance suggested revenue missed on its $1.12-1.18 billion target and reached just $1.10 billion. That’s down from $1.4 billion for the first quarter of 2013.
Net loss stood at $62 million – rather disappointing compared to the $2.5million in profit the company made for the same period of last year. And while this marks yet another quarter where HTC kept bleeding money, the Q2 outlook is very promising.
According to the predictions the revenue will be in the $2.160 billion - $2.326 billion range, or roughly double what HTC made now.The overall result is also expected to be a profit rather than a loss. The guidance suggests between $60 and $81.5 million of net profit, which while not huge is still great news for both shareholders and fans.
For more numbers from HTC’s Q1 report check out the source link.
I on the other hand have a totally different proposition for HTC. Get on the project ARA and beat the market. You don't need to go 100%, just enough to see if it's working or not. If it does work, HTC can be the #1 it once was. Just my .02$
Who buy your phone with so expensive price even more expensive than Samsung and not enough service centre. Learn from Samsung not from spple because only cover cannot make you better. Apple is also slowing down because just metal cover can not be sta...
Exactly, HTC is going down because they don't actualize their camera.