backtop


Print 8 comment(s) - last by Reclaimer77.. on Apr 8 at 11:06 AM

Marketing was cited as the HTC One's failure

HTC posted a first quarter loss for 2014, but hopes its new flagship smartphone -- the HTC One M8 -- will have better luck than the original HTC One.
 
According to Bloomberg, HTC posted its second loss in three quarters ahead of the release of the HTC One M8. The original flagship HTC One was a highly rated phone, but reportedly couldn't grab sales because of a poor marketing strategy. 
 
HTC reported a net loss of T$1.88 billion ($62.06 million USD) for the January-March quarter of 2014. That's wider than analyst predictions of a loss of T$1.59 billion, and definitely below the profit of T$85 million reported a year earlier. 
 
Revenue also took a tumble, falling 22.6 percent to T$33.12 billion. 
 
HTC had a net income of NT$310 million ($10 million USD) in the last quarter of 2013, but analysts attributed this to the sale of beats -- not significant sales in devices. 


HTC One M8

The Q1 2014 loss was reportedly due to slowed HTC One sales ahead of its successor's release. HTC's One had a hard time selling despite receiving great reviews because the marketing strategy for the device was considered "confusing" by many.
 
HTC hired actor Robert Downey Jr. to star in some HTC One commercials. HTC spent just $75.8 million USD in marketing last year while its major competitors spent much, much more -- Samsung spent $363 million USD on marketing in the U.S. while Apple spent $350.9 million USD. 
 
But HTC is looking ahead and hoping for great sales with the One M8, which was released in late March 2014. It's the successor of the HTC One, and has also received great reviews. Hopefully the marketing aspect will work differently.
 
Shares of HTC have fallen 38 percent over the past year.

Sources: Bloomberg , Reuters



Comments     Threshold


This article is over a month old, voting and posting comments is disabled

RE: Perfect phone
By Reclaimer77 on 4/7/2014 8:30:15 PM , Rating: 2
quote:
Shame about the top power button, otherwise I'd strongly consider it.


You just said it was close to the perfect phone, but you can't consider it because of THAT?

Granted that's a pretty stupid design choice. It works for the iPhone because it's tiny, but on a large phone it's just awkward ergonomics.

But still, it's not that big of a deal imo.


"Can anyone tell me what MobileMe is supposed to do?... So why the f*** doesn't it do that?" -- Steve Jobs














botimage
Copyright 2014 DailyTech LLC. - RSS Feed | Advertise | About Us | Ethics | FAQ | Terms, Conditions & Privacy Information | Kristopher Kubicki