HTC Q2 profit drops by 58 percent
HTC earnings continue to slide down due to the stiff competition from Samsung and Apple. HTC’s Q2 numbers reveal a 58 percent drop in profits, marking its third consecutive quarterly drop. Even though smartphone shipments have considerably risen this quarter, surpassing feature phone shipments, it appears that only Samsung and Apple are benefiting from the trend.
What You Need To Know:
- In Q2 of 2012, HTC posted total revenue of $3.04. Profit is at $247 million, a 58 percent drop from the same quarter last year.
- In Q4 of 2011, HTC experienced a 26 percent drop in profit, followed by a 70 percent drop in Q1 of 2012.
- During the quarter, HTC faced major setbacks, which include a temporary ban of One X and Evo 4G LTE in the U.S.
- Analysts believe that HTC has shipped about 9.8 million phones in the quarter.
- For the third quarter, HTC sees growth only in China. The company expects a 23 percent drop in revenue.
Sources:
Smartphone maker HTC sees third-quarter revenue drop, only China to grow
Reuters
HTC’s Q2 profit plunges 60% amid turnaround struggles
CNET
HTC Decline Continues Amidst Competition From Samsung, Apple
PCMag
