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Competition Weighs Down HTC In Q2: Sales Drop 27% To $3B; Operating Profit, EPS Down By 57%; Lowers Q3 Outlook
HTC has posted its Q2 numbers and they’re not pretty. While numbers were up on Q1, the Taiwanese Android/Windows Phone smartphone maker saw declines in nearly every line of earnings compared to the same quarter a year ago. Revenues were 91.04 billion Taiwan dollars ($3 billion), down nearly 27% on Q2 2011 (and missing consensus analyst expectations); gross profit was down by more than 30% to NT24.59 billion ($819 million); operating profit down by over 57% to NT8.2 billion ($273 million). Earnings per share were also down by nearly 57%...
Published By: Tech Crunch - Friday, 3 August, 2012
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Wal-Mart, Kohl's Sales Drop ABC News (2 days ago) - Morning Business Memo… Some of the biggest names in shopping had a tough first quarter...
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Samsung is scooping up 95% of Android profits even without S4, says analyst Tech Radar (3 days ago) - We're always a little sceptical about analyst claims (we'd advise you don your pair of...
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