HTC Quarterly Report Released
0.0By Mark Gadayev May 02, 2013 07:38 PM
HTC have officially sent out a press release for their first quarter results. While the release does much to hype up the HTC One, there is good to be found here. HTC reports a net profit of NT$85 million (roughly $2,874,700.) They also report a quarterly revenue of NT$42.8 billion (roughly $1,454,260,000) and a gross margin of 20.3%. This is the report of a company that has had a rough quarter, but it's certainly not their worst.
For Q2, HTC protects their profit margin to increase by 2-4% and their revenue to be around NT$70 million ($2,367,400) which will be a a nice increase. HTC are slowly getting back on their feet, due in no small part to the huge success of the HTC One. While HTC have decided to narrow their focus in the North American market, they have released a bevy of devices in Asia.
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