Welcome to the MacNN Forums.

If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.

You are here: MacNN Forums > News > Tech News > HTC profits in freefall; Samsung, Apple dominance to blame

HTC profits in freefall; Samsung, Apple dominance to blame
Thread Tools
MacNN Staff
Join Date: Jul 2012
Status: Online
Reply With Quote
Jan 7, 2013, 10:09 PM
 
Taiwan smartphone manufacturer HTC Corporation's quarterly profits for the fourth quarter of 2012 missed its expected target, and plummeted 91 percent from the same quarter a year ago. The manufacturer is suffering from continued strong iPhone releases, and pressure from a large range of Samsung Android-powered phones occupying the same market segment that HTC does.

Profit from October through December was T$1 billion ($34.5 million), down from T$11 billion ($344.8 million) in the same time frame from 2011. HTC did not further break down or explain the results. Analysts expected a net profit of T$1.47 billion ($50.7 million) on the quarter. HTC is rumored to be preparing a new flagship phone in the first quarter of 2013, which may buoy the company's profits -- at least temporarily. "The new phone could have a first-mover advantage for one to two months before Samsung launches its Galaxy S4 in April, but in the long run, it's difficult to beat Samsung's phones," said Daiwa Capital Markets analyst Birdy Lu. The Taiwanese stock market closed before the results were released. The stock has fallen over four percent in after-hours trading since the announcement.
( Last edited by NewsPoster; Jan 8, 2013 at 02:32 AM. )
     
   
Thread Tools
Forum Links
Forum Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On
Top
Privacy Policy
All times are GMT -4. The time now is 09:12 AM.
All contents of these forums © 1995-2015 MacNN. All rights reserved.
Branding + Design: www.gesamtbild.com
vBulletin v.3.8.8 © 2000-2015, Jelsoft Enterprises Ltd., Content Relevant URLs by vBSEO 3.3.2