HTC reports 23% drop in sales during Q3

While the quarterly decline was significant, HTC did however hit its third-quarter sales target of between NT$70 billion and NT$80 billion, although the number was at the lower range of the estimate.

For the July-September period, the firm had operating profit of NT$4.9 billion, pretax profit of NT$4 billion, and net profit of NT$3.9 billion. With the firm's total outstanding shares of 831.227 million, HTC had earnings per share of NT$4.7 for the third quarter, a decline from NT$8.9 for the second and establishing the prospect HTC will have a slow second half.

For September, the firm had consolidated sales of NT$21.2 billion, a decline of 11.6 percent from August.

According to analysts, sales of the HTC J smartphone were strong yet were not able to make up for the revenue shortfall from the HTC One X. Meanwhile, the Desire X hasn't fully penetrated the market. All these factors contributed to the sales decline in the third quarter.

While shipments in the United States and Europe dropped, stronger sales in China are expected to make up for the decline, experts said, adding operating results may improve starting in the second quarter of 2013.

SHARE CLOSE
Blogger		Google+
Live Journal		Plurk
Stumble Upon

Tweet

	PREVIOUS ARTICLE
	General Motors sees new China sales record in Sept.

NEXT ARTICLE
Expert warns anti-speculation measures to mean continued real estate slowdown

Write a Comment

Terms

Enter your comments - 3000 characters max

Type in image code

 Receive China Post promos
 Respond to this email

Submit