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
This is a sign that apple is killing competition with bans
10/8/2012 4:55:11 PM
If they hadn't been held up at the border for 2 months maybe they would have sold a crapload of phones since what was held up was going to be a hit at the time. Apple managed to get customs to hold up HTC's phones despite the fact that they had no infringing code in them. Witness samsung selling 20 million phones in 100days. So in 60 days you could sell how many hot HTC phones? By the time customs let them go they were already caught and not so special anymore. In effect, they ruined HTC's launch party. I hope that plucky little chinese company that has a patent on iphone5 sues the crap out of them and is totally unreasonable. Where did they go anyway? Were the circulated pictures fake, or they just waiting for mass quantities to be sold so they can sue for whatever they make on them?
Did anyone ever see info posted on if it was REALLY patented and more importantly was it done in the USA also or just china? Was it all a late april fools joke? :)
Regardless Apple needs to die. :)
RE: This is a sign that apple is killing competition with bans
10/9/2012 2:41:43 AM
Agreed. This is the very first thing that popped into my mind. HTC is a "little guy" in the industry, and dealing with Apple took a lot of wind out of their sails. That's probably where the "Advertising Budget" went.
Some of the comments on this topic seem to blame HTC for not being competitive...but HTC is not RIM. You may stupidly laugh when RIM and HTC die off, but when the phone market dwindles down to 3 or even 2 players...people are going to feel it; both in their wallets and with the freedom they want from their smartphone.
"When an individual makes a copy of a song for himself, I suppose we can say he stole a song." -- Sony BMG attorney Jennifer Pariser
HTC Hedges Android Bet With Colorful New Windows Phones
September 19, 2012, 2:42 PM
HTC Continues to Struggle, Amid Weak European Sales, Apple Ban
July 6, 2012, 6:25 PM
Android Earnings Report Pt. I: Samsung Wins Big, HTC Plummets
April 6, 2012, 2:38 PM
HTC Posts Big Earnings Miss, Sees Signs of Slowing Growth
January 6, 2012, 4:45 PM
China is Now the World's Largest Smartphone Market
November 23, 2011, 4:10 PM
Air Force Expects to Save Over $50 Million in 10 Years by Using iPads
May 17, 2013, 12:26 PM
Former Intel CEO Regrets Passing Up on iPhone Gravy Train
May 17, 2013, 11:46 AM
Intel-Based Lenovo Yoga 11 Lands, is $240 USD More Expensive Than ARM Version
May 17, 2013, 11:02 AM
Galaxy S IV Looks to Hit 10 Million Sales in Just Four Weeks
May 17, 2013, 10:12 AM
Nintendo Wii U: No EA Games for You!
May 17, 2013, 8:35 AM
Quick Note: CyanogenMod Hits 5 Million Users
May 16, 2013, 1:42 PM
Most Popular Articles
Report: Microsoft Eyes Return to "Dying" Windows 7 Path After Windows 8 Flop
May 13, 2013, 9:50 AM
Bill Gates Gets Teary-Eyed While Discussing Steve Jobs, Shows Off Life-Saving Tech on 60 Minutes
May 13, 2013, 12:30 PM
Windows 8.1 Will Be Free; Microsoft Holds Onto Struggling ARM Variant
May 14, 2013, 2:57 PM
Google Announces "Pure" Galaxy Nexus S4 for $649, Android Updates
May 15, 2013, 1:42 PM
U.S. Federal Traffic Board Wants to Make Drunk Driving Threshold Far Harsher
May 15, 2013, 11:32 AM
Latest Blog Posts
Parents of Pre-Teen Drivers Commonly Practice Distracted Driving Says Study
May 9, 2013, 7:16 AM
Apple's iOS 7 Running Into Internal Delays Due to Massive Overhaul
May 1, 2013, 4:26 PM
Elon Musk Willing to Spend More Money on Widening of 405 Freeway
Apr 26, 2013, 7:28 PM
New $100 Bill Due in October
Apr 24, 2013, 11:52 PM
Volkswagen Shows off iBeetle in Shanghai
Apr 22, 2013, 9:29 PM
More Blog Posts
Copyright 2013 DailyTech LLC. -
Terms, Conditions & Privacy Information