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HTC Q1 financials out: 70% drop in profit, but first signs of recovery show

Posted: , by Victor H.

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HTC Q1 financials out: 70% drop in profit, but first signs of recovery show
Taiwanese HTC, the world’s fifth-largest smartphone maker, posted a 70% drop in profits in the first quarter of 2012, as the company is undergoing tough times, waiting for its One series to arrive on shelves this month.

Here are all the numbers HTC revealed in its unaudited financials:

- Net income after tax stood at some $151 million (NT$4.5 billion), down from around $500 million (NT$14.8).
- HTC posted revenues of nearly $2.3 billion (NT$67.8 million), dropping almost 35 percent year-on-year
- In Q4 2011, HTC’s revenue stood at $3.43 billion (NT$101.4 billion).

At the same time, in March, the last month of Q1, HTC revenues started picking up growing by more than a third sequentially, but still down when compared to last year’s numbers. January was the hardest for the company as it only got around $565 million in revenue, nearly half less than in the same month in 2011.

HTC hopes that the One series will start its comeback. Handsets include the 4.7-inch HTC One X and 4.3-inch thin and beautiful HTC One S, as well as the budget One V. Do you think that this will be enough for the company?

source: HTC (pdf) via The Next Web

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posted on 06 Apr 2012, 07:03 6

1. PimpStrong (Posts: 310; Member since: 25 Jul 2011)

The One series will turn that around.

posted on 06 Apr 2012, 07:51 2

2. jaytai0106 (Posts: 1888; Member since: 30 Mar 2011)

Everyone is waiting to buy the One series phones, so their profit is down is very normal. Hate to see any company isn't doing well though.

posted on 06 Apr 2012, 11:17 1

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

HTC still made 145million profit in Q1, and they have huge cash reserves(5-7 billion), so i'd say they're doing well.

posted on 06 Apr 2012, 08:24 1

3. ryq24 (Posts: 772; Member since: 17 Oct 2011)

the One will help but not a lot especially if samsung galaxy s3 came out and eat their market share again. samsung is just better at marketing and they always come out with phones that people like. and also samsung's mid range smartphone are hurting htc which have fewer phone line-up.

posted on 06 Apr 2012, 08:37

4. andro. (Posts: 1999; Member since: 16 Sep 2011)

The one series are certainly a breath of fresh air but its a tough climb back up for htc as samsung have capitalised on their fall from grace. If the Samsung GS3 is a stunner this year htc might have it tough

posted on 06 Apr 2012, 09:00

5. Berzerk000 (Posts: 4275; Member since: 26 Jun 2011)

HTC should have a big hit with the One series. Just hope that the specs and hype are good enough to get them at where they need to be. The EVO LTE will be a must have for nearly all of the other EVO owners on Sprint, so that should be a success. The One XL on AT&T might not be so lucky, though I could be wrong. The One S on T-Mobile should be a nice sell if they do the pricing correctly. Strange there hasn't been a word for any One series to be on VZW... They don't get too many phones from HTC, last good one was the Rezound.

posted on 06 Apr 2012, 09:20

6. Cyan3boN (Posts: 446; Member since: 23 Feb 2012)

atleast we'll witness price drops for the one series when the sgs3 makes its way to the market, let's be positive guys.

posted on 06 Apr 2012, 14:10

8. networkdood (Posts: 6330; Member since: 31 Mar 2010)

HTC should make a phone for VZW - the BIG ONE V....

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