Printed from http://www.electronista.com

HTC posts net, operating losses in months before One M8 launch

updated 08:36 am EDT, Mon April 7, 2014

Low quarterly revenues could bounce back for HTC in next quarter

HTC is continuing its trend of poor financial results, with a loss in the first quarter that was lower than expected by analysts. The latest financial release shows quarterly revenues of NT$33.12 billion ($1.09 billion), giving the smartphone producer a net loss of NT$1.88 billion ($62.06 million) and an operating loss of NT$2.05 billion ($67.75 million).

Despite the bad financial news, there are a few notable asides in the release. Reuters reports that HTC broke its 28-month on-year revenue declines, rising by 2.16 percent in March. The results also predate the updated HTC One M8's launch and release, which is expected to help the company return to profit in the second quarter.

HTC One M8
HTC One M8


In its previous financial results, the company had a quarterly revenue of NT$42.9 billion, giving it a quarterly net profit of NT$310 million. At the time of the results release, CEO Peter Chou confirmed the move to more mid-range devices, such as the Desire 610, addoing "we are going to communicate better with consumers." Chairwoman Cher Wang advised "The problem with us last year was we only concentrated on our flagship. We missed a huge chunk of the mid-tier market."



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Prong PWR Case

Ultimately there's one thing we all want from smartphone accessories; we want options. When it comes to keeping our iPhone charged, we ...

iHome iBT74 Color Changing Bluetooth Speaker

There's no reason why your tech can't look good while doing what it was designed to do. That's the reason that sports cars look good a ...

Logitech Gaming Daedalus Prime Mouse

Logitech Gaming continues to expand upon its peripherals line, with each one looking to fit neatly into a breadth of gaming needs. Bui ...

Advertisement

toggle

Most Commented