August 22, 2014

HTC Q3 revenue tumbles by nearly half year-over-year

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Taiwanese hardware maker HTC this morning released its final, unaudited results for the third quarter of this year Q2 ’12. Things could be much better for the quietly brilliant outfit as they report revenue of $2.397 billion for the three month period that just ended.  Additionally, the net income of  $133 million was considerably lower than the $247 million posted by HTC just one quarter earlier.

Things are getting increasingly more difficult for HTC as Samsung continues to expand its Android reach in key markets.  Factor in a growing Sony and LG and we see a tough road ahead for HTC.  On the other hand, we cannot dismiss the fact that a new HTC One X+ and some Windows Phone 8 stuff might not help the company out as the year draws to a close.  For us to completely rule out any Windows Phone impact would be downright silly; Microsoft will be pushing these devices heavily.

Bloomberg