HTC Posts Worst Quarterly Profit Ever Ahead of Delayed One Smartphone

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News Posted: Mon, Apr 8 2013 10:42 AM
Oh, how the mighty have fallen. Just two short years ago, it seemed as though HTC could do no wrong. The early Android adopter had doubled its earnings and had reason to believe the good times would keep on rolling, and though revenue had begun to decline by the end of 2011, HTC was still the envy of most mobile players. Fast forward to today and things look quite a bit different.

Samsung and Apple are the top dogs, leaving the competition to feast for scraps. As a result, HTC posted a rather pathetic NT$85 million (about $2.8 million in U.S. currency) profit during the last three months. Yes, the company is still in the black, but that's the lowest profit HTC has ever seen and well below the $470 million profit it posted a year ago.

HTC One

HTC can't blame all of its woes on the competition; some of it is self inflicted. Specifically, the delayed launch of its highly anticipated One smartphone ultimately hurt the company's bottom line. On paper, the One looks to be a wonderful device, but that only matters if consumers can actually purchase one, and right now most can't (it's only available in three countries). Recent rumors suggest HTC is having trouble securing components from suppliers who longer view the handset maker as a top tier customer.

HTC First

The good news is there's still time for HTC to turn things around. Getting the One into more markets sooner than later will help, and so too might the launch of HTC's upcoming First, the first so-called Facebook phone to come with Home pre-installed.
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What can ya' say? they were bust at the time.. ;)

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Eh, my One will be showing up shortly. From all the reviews this thing is insane. Ars actually gave it a Gold award, the first time they have ever given an award to a phone.

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I wish all carriers get all the phones.. I am with VZW and I can't get this phone.. :(

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Clixxer replied on Mon, Apr 8 2013 4:57 PM

Man HTC to me is a hit or miss company. I had an early smartphone of theirs on android and loved it then got a Samsung galaxy s (tmobile variant) and used that phone until the lake got it. Anyways my next phone was an HTC and I was happy even though I wanted the S2 but it wasn't out at the time and I hated that phone. I went though 3 of them before I got one that worked. After that I just couldn't justify buying another HTC and have had Samsung or Motorola since.

My rig - I7-4770K, ASUS Z87-A Mobo, 16 GB Corsair Ram, AMD 7990 GPU, CoolIT AiO Cooler, NZXT H630

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