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HTC squeezes all-time low quarterly profit of $2.83 million

Posted: , by Nick T.

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HTC squeezes all-time low quarterly profit of $2.83 million
HTC may be quietly brilliant, but it's also currently in trouble. Sure, the Taiwanese company makes some pretty sleek phones and all, but it just can't make much money out of them. That's why it's previous financial reports were pretty disappointing, and the latest isn't looking good either.

HTC just announced a net profit of only T$85 million (the equivalent of $2.83 million) for January through March on a revenue of T$42.8 billion ($1.43 billion). How bad is that, you ask? Well, let's just say that it's the lowest profit ever reported by the company. Analysts were actually expecting HTC to make about T$467.5 million in Q1 of 2013. In comparison, HTC's profits over the same month period in 2012 were a respectable T$10.9 billion ($360 million).  

The situation wouldn't have been so gloomy now if HTC could launch its newest flagship – the HTC One, in a timely manner. Yet the smartphone was dragged down by delays caused by shortage in supply of components for its UltraPixel camera. As a result, it was released in a very limited number of markets - only 3 of the 80 it was originally supposed to launch in. 

In the U.S., the HTC One won't launch until later this month, but those who are interested in the device are free to pre-order one via AT&T, Sprint, or T-Mobile. Pricing starts at $199.99 with a signed 2-year contract.

via: Reuters

51 Comments
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posted on 08 Apr 2013, 04:15 4

1. FlushGordon (unregistered)


There's the surprise of the century :-0

posted on 08 Apr 2013, 07:33

27. khmer (Posts: 95; Member since: 21 Jun 2012)


HTC One phone with aluminum back cover and new camera sensor are very costly to HTC for delayed. Inside is the same plastic as Samsung.

posted on 08 Apr 2013, 04:16 16

2. FlushGordon (unregistered)


Probably because they're still not listening to their customers?

posted on 08 Apr 2013, 04:20 7

4. darkskoliro (Posts: 1077; Member since: 07 May 2012)


One more quarter and things will turn around :) No pun intended.

posted on 08 Apr 2013, 04:35 2

5. tiara6918 (Posts: 2071; Member since: 26 Apr 2012)


HTC would loose a lot of customers because of that delay

posted on 08 Apr 2013, 05:21 4

10. vincelongman (Posts: 4576; Member since: 10 Feb 2013)


If they released the HTC One earlier, some people would buy it instead of waiting longer for the Galaxy S4, but since the delay pushed their released dates very close some people might decide to wait for the S4 instead.

posted on 08 Apr 2013, 04:59 2

7. EXkurogane (Posts: 863; Member since: 07 Mar 2013)


Only 2.8 million, ouch. The make great phones to me, build quality is more solid and design is better than Samsung, but they just had to screw up something like lacking storage, low battery capacity, or delayed release.

If only they stuffed in an above average 13MP cam instead of that underwhelming 4MP ultrapixel camera, i believe there wouldnt be much delays.

posted on 08 Apr 2013, 05:23 4

12. FlushGordon (unregistered)


The Ultrapixel gimmick may be the worst in smartphone history....I can't believe why so many people fell into this crap.

posted on 08 Apr 2013, 05:41 1

13. Retro-touch (Posts: 273; Member since: 24 Oct 2011)


Just about every phone released this year will beat the One's Ultrapixel cause of low MP, GSMArena reviews show that its got great video recording though even compared to GS4

posted on 08 Apr 2013, 07:53 3

30. oister85 (Posts: 499; Member since: 27 Apr 2012)


Check out technobuffalo review he say the phone is great. According to the review he say the camera is one of the best in smartphone industry. He says the camera has some dlsr affects.

posted on 08 Apr 2013, 08:38 3

33. tiara6918 (Posts: 2071; Member since: 26 Apr 2012)


HTC should invest more on r&d for that ultrapixel camera

posted on 08 Apr 2013, 08:49 3

35. Retro-touch (Posts: 273; Member since: 24 Oct 2011)


I looked at the pics posted in the review comparison between SGS4 and One and Sony Xperia Z vs One at GSMArena and based on what I saw, they take better pictures, I'm not interested in someone's opinion when my eyes work just fine

posted on 08 Apr 2013, 05:17 2

8. Timmehor (Posts: 599; Member since: 09 Mar 2013)


That's nasty. HTC's share price is going to take a beating.

posted on 08 Apr 2013, 05:20 6

9. thelegend6657 (unregistered)


Well , at least there are profit .
HTC makes better phones than Samsung but cant compete financialy

posted on 08 Apr 2013, 05:44 8

15. Retro-touch (Posts: 273; Member since: 24 Oct 2011)


It just goes to show what you care about (premium materials) isn't what majority cares about, and that they need a change of strategy, better marketing and some software gimmicks not hardware one which are more likely to piss customers off, such as 4MP camera, weird placement of buttons

Also HTC phones have locked bootloaders, that are hard as hell to unlock, Samsung its like child's play

posted on 08 Apr 2013, 06:10

21. thelegend6657 (unregistered)


I am partially agree with you.
Xperias also come with locked bootloaders , these manufacturer tools wasn't too difficult to use .

Yes I agree that they need better maketibg but I don't think HTC have the resource of it . I totally love the you commercial made by them years ago but Microsoft seemed to have copied them. They need something fresh and intuitive but won't break the bank .

I don't really just care about premium materials , the device have to perform ! And the performance if the One is by no means mediocre , it could go neck and neck with the GS4 .

posted on 08 Apr 2013, 05:54 3

16. Timmehor (Posts: 599; Member since: 09 Mar 2013)


$2.83 million profit? For a company like that? That's 2 cents to them really. Nokia faced this all for the last two years (2011 - 2012) but were able to pull through to a nice profit. People are doubting HTC financially lately.

posted on 08 Apr 2013, 06:05

19. thelegend6657 (unregistered)


I know its like 2 cents
But like you said during 2011-2012 Nokia actually LOSES money

posted on 08 Apr 2013, 07:01 5

25. darac (Posts: 2156; Member since: 17 Oct 2011)


NOKIA LOST 2.3 BILLION IN 2012, you ignorant.

http://press.nokia.com/2013/01/24/nokia-corporation-q4-and-full-year-2012-interim-report/

Theirs record quarterly loss in 2012 was 1.7 billion.

http://www.slashgear.com/nokia-admits-1-7bn-loss-in-q1-2012-19223594/

HTC was over 600 million in profit for the whole year I think.
It's in a heavenly cash position compared to Nokia

posted on 08 Apr 2013, 17:31

55. Timmehor (Posts: 599; Member since: 09 Mar 2013)


I know that, I said Nokia faced this problem that HTC will probably soon face. But Nokia has been able to pull from billion dollar deficits to profit in one year. That's good business skills.

posted on 08 Apr 2013, 05:43

14. rusticguy (Posts: 2828; Member since: 11 Aug 2012)


Open the back cover, add the sd slot, provide removable battery and see sales improve. Move away from stupid of "Premium Feel" and then lock everything down under the garb of "PREMIUM" ... buyers are not fools ... there must be a reason why samsung sells .. learn from them :)

posted on 08 Apr 2013, 18:38

58. KParks23 (Posts: 639; Member since: 13 Oct 2010)


I disagree the average consumer is a dumb ass! They will literally buy something just because someone else has it or for some feature that has been around for years but there just too clueless to know it even existed "panorama" so in total 99.9% of people are morons!

posted on 08 Apr 2013, 06:09 7

20. iluvsmartphonexpdx (Posts: 48; Member since: 26 Mar 2013)


Poor HTC...

posted on 08 Apr 2013, 06:36 2

23. MartianMe (unregistered)


Love htc but is this kind of mistakes that is ruing them, they bring that on them selves....still wish you the best tho.

posted on 08 Apr 2013, 06:41

24. iluvsmartphonexpdx (Posts: 48; Member since: 26 Mar 2013)


Still looking for a good VS battle against HTC One...

http://imageshack.us/photo/my-images/201/55030821.jpg/

posted on 08 Apr 2013, 09:46

41. Doakie (Posts: 2107; Member since: 06 May 2009)


The HTC One PPI count is wrong. It should be 468 PPI.

posted on 08 Apr 2013, 07:27 10

26. lolatfailphones (Posts: 203; Member since: 08 Apr 2013)


Serves them right! They have made allot of bullcrap phones in the past that's why they're suffering right now! First is was that gimmic "beast audio software" crap now they feed idiots with 4mp "ultra pixel" camera. Htc totally killed sense with that horrid blinkfeed(if you don't believe me look up on how many people asking how to disable it) then they claim that consumers don't know how to use widgets!? Burn in bankrupt hell HTfail!

posted on 08 Apr 2013, 08:21 1

31. xperiaDROID (banned) (Posts: 5629; Member since: 08 Mar 2013)


Seriously dude, that's why you came here for? For "loling" at fail phones?

You don't even know what is Beats Audio and Ultrapixel, just Google it dude!

posted on 08 Apr 2013, 12:17 4

47. lolatfailphones (Posts: 203; Member since: 08 Apr 2013)


What? I have own an htc vivid updated to Ics and got that so called enhanced sound "beats audio" the loud speaker was something to laugh at and don't even get me started on the lags and bus I was surprised it didn't lag during calls xD

posted on 08 Apr 2013, 18:35 1

57. djg71087 (Posts: 70; Member since: 10 Oct 2010)


Beats audio doesn't work over the loud speaker. Only with bluetooth or when plugged into the 3.5mm headphone jack. Just saying!

I notice a big difference in my car

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