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-   -   Quarterly financial estimates show Samsung up, HTC makes expected loss (http://forums.macnn.com/113/tech-news/504676/quarterly-financial-estimates-show-samsung-up/)

 
NewsPoster Oct 4, 2013 05:39 AM
Quarterly financial estimates show Samsung up, HTC makes expected loss
<a href="http://macnn.com/rd/295572==http://www.electronista.com/articles/13/10/03/reasoning.for.departure.and.destination.company.no t.known/" rel='nofollow'>Samsung</a> and <a href="http://macnn.com/rd/295573==http://www.electronista.com/articles/13/10/02/itc.complaint.victory.by.nokia.forces.changes.in.h tc.one.others/" rel='nofollow'>HTC</a> have both released unaudited quarterly earnings estimates, with wildly different results. While Samsung states it enjoys an operating profit of 10.1 trillion won ($9.3 billion), HTC managed to have a net loss of NT$2.97 billion ($101 million), its first quarterly loss in the company's history since it went public.<br />
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The $9.3 billion estimated profit of Samsung comes from 59 trillion won ($53.9 billion) in revenues, <a href="http://macnn.com/rd/295574==http://www.theverge.com/2013/10/3/4800854/samsung-estimates-record-9-4-billion-in-profit-for-q3-2013" rel='nofollow'>reports</a> <em>The Verge</em>, with both figures increased from the 57.46 trillion won ($49.3 billion) revenues and 9.53 trillion won ($8.6 billion) profit of the <a href="http://macnn.com/rd/295575==http://www.electronista.com/articles/13/07/25/profits.driven.by.mobile.specifically.galaxy.s4.sm artphone.launch/" rel='nofollow'>last quarter</a>.<br />
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HTC's first <a href="http://macnn.com/rd/295576==http://investors.htc.com/phoenix.zhtml?c=148697&p=irol-newsArticle&ID=1861533&highlight=" rel='nofollow'>net loss</a> of $101 million, <a href="http://macnn.com/rd/295577==http://www.electronista.com/articles/13/07/30/htc.continues.to.struggle.despite.relative.success .of.htc.one/" rel='nofollow'>as forecast</a> by the company, takes into account reduced revenues of NT$47 billion ($1.6 billion). Not only is the revenue estimate lower than the $2.36 billion figure for the previous quarter, but also down from the low <a href="http://macnn.com/rd/295578==http://www.electronista.com/articles/12/10/26/htc.continues.downward.slide.while.samsung.gains.m ore.ground/" rel='nofollow'>$2.05 billion</a> it received in the same period last year. <br />
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More details relating to each company's financial state, such as sales figures for devices, will accompany the full quarterly financial results in the coming weeks.
 
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