HTC announced earnings for the first quarter of 2013 that were decidedly not pretty. Its net profit dropped some 98 percent — the lowest quarterly earnings for the company since its launch in 2006. HTC posted $1.4 billion in revenue for the quarter ending March 31, 2013, a 37 percent drop year over year. Simply put, these numbers are dismal, said Andreas Scherer, managing partner of Salto Partners. The delayed shipment of HTC One, caused by a shortage in crucial camera components, is a widely acknowledged reason for the slump.
Loading ...
Eggs in HTC's One Basket Showing Some Cracks
Posted by: Erika Morphy April 9, 2013 10:56 AMHTC announced earnings for the first quarter of 2013 that were decidedly not pretty. Its net profit dropped some 98 percent — the lowest quarterly earnings for the company since its launch in 2006. HTC posted $1.4 billion in revenue for the quarter ending March 31, 2013, a 37 percent drop year over year. Simply put, these numbers are dismal, said Andreas Scherer, managing partner of Salto Partners. The delayed shipment of HTC One, caused by a shortage in crucial camera components, is a widely acknowledged reason for the slump.