HTC's Woes Continue as it Posts Big Earnings Miss
October 8, 2012 10:40 AM
comment(s) - last by
So much for the "recovery"
HTC Corp.'s (
) latest unaudited
on Monday left more troubling questions than palatable answers, as the company posted a large miss.
of 23 analysts, the average expectation was around $5.4B TWD (Taiwanese dollars; 1 TWD = 0.034 USD). Instead HTC posted a miserable $4B TWD -- a serious warning sign that the company may have hit a major pothole along the road to recovery.
HTC's profit was approximately 50 percent lower than it was last year. Q3 2011 was HTC's last strong quarter. Fueled by sales of its popular Android handsets, the company cheered strong sales and sustained growth last year as it
briefly topped U.S. sales charts
, according to some analyst estimates.
But in Q4 2011 the company posted a huge earnings miss, and
has continued ever since, driven by slumping sales.
The company's reported revenue was $70.2B TWD ($2.4B USD).
The company's short-term turnaround prospects hedge on a
colorful pair of Windows Phone 8 handsets
(the 8S and 8X) and a high end Android 4.1 "Jelly Bean" offering (the Tegra 3 quad-core, 4.7-inch display
, which also packs LTE support).
The HTC One X+ [Image Source: Anandtech]
HTC in many ways has been among the most aggressive players in the industry in terms of pursuing tangible hardware-level differentiation in its handsets. Recent models include special image processing hardware that allow them to take photos from a stream of video. Many models also carry special amplifier chips from subsidiary Beats Audio, allowing them to produce better sound quality.
It remains to be seen whether the new devices and special hardware is sufficient to lure the fickle consumer electronics market. Another quarter has come and gone, and HTC is left still trying to recapture the magic that allowed it to
from a company who made
companies' smartphones, to a first-party devicemaker and household brand name.
HTC [via Engadget]
This article is over a month old, voting and posting comments is disabled
RE: I'm shocked
10/8/2012 3:23:07 PM
If quality issues were the problem, Samsung wouldn't be in the lead. Remember the Galaxy S?
"utterly broken and non-functional... this is a problem for which there's no reasonable explanation why it made it all the way to retail devices." --Engadget
"The phone will take an inordinate amount of time to determine your actual location, and/or it won’t pinpoint your location very accurately." --Anandtech
Samsung never fixed the GPS or other problems, and never offered a replacement or otherwise did anything to correct the junk they'd sold millions of.
RE: I'm shocked
10/8/2012 11:37:34 PM
Had a galaxy S1... Never really liked it. One of the reasons I went with Motorola. The GPS never worked. Forever for updates.
RE: I'm shocked
10/9/2012 8:44:25 AM
I had more luck with mine, though luck obviously played its part. Occasionally, it wouldn't get a fix, but at other times, I watched the navigation cursor get closer and closer until it was within a couple of metres. My Lumia 800 is massively improved in this area, however the best thing about the Galaxy S was its sound quality and the 800 cannot hope to touch it.
My girlfriend has two HTC Desires, the second being a result of thinking she'd lost the first and getting it locked. Both have very dodgy charge ports, and I don't think she's been hammering them as she "lost" the first quite early on. Still, that's the only fault.
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