HTC continues to spill red ink for a third subsequent quarter, loses $62 million in Q1 2014

HTC continues to spill red ink for a third subsequent quarter, loses $62 million in Q1 2014
Taiwanese manufacturer HTC released its financial report for Q1 2014 and it appears that it has not balanced the books yet. The company continues to lose money for a third subsequent quarter, as it has lost roughly $62 million (NT$1.88 billion) from January 1 to March 31, just as it was predicted roughly two months ago.

HTC's revenue for the period has also fallen to about $1.1 billion (NT$33.12 billion) in Q1 2014, which is a 22.6% drop in comparison with the $1.42 billion (NT$42.9 billion) that HTC earned in the previous quarter. Additionally, HTC's operating loss for Q1 2014 was $68 million (NT$2.05 billion), which means that it's losing roughly $0.076 per single share. Just before HTC announced these financial results, its shares had climbed 3.6% up, which is the highest result for several months.

The sales of the HTC One (M8), the company's flagship smartphone for 2014, were off to a slow start despite the massive hype around the device. As we reported the other day, the One (M8) purportedly accounted for 1% of HTC's mobile web traffic in the USA during the first week after it got launched.

Hopefully, the One (M8) will get HTC back on its feet and return some profit during the upcoming quarters of 2014.

source: HTC via Reuters

Related phones

One (M8)
  • Display 5.0" 1080 x 1920 pixels
  • Camera 4 MP / 5 MP front
  • Processor Qualcomm Snapdragon 801, Quad-core, 2300 MHz
  • Storage 32 GB + microSDXC
  • Battery 2600 mAh(20h 3G talk time)



1. zuckerboy

Posts: 898; Member since: Dec 22, 2011

with 4 mp camera and high price tag m8 sels not greater than m7

2. StraightEdgeNexus

Posts: 3689; Member since: Feb 14, 2014

If they keep Shelling out gimmicky phones this will continue to the day till they finally get bankrupt.

5. MarkArigayo

Posts: 240; Member since: Dec 18, 2013

Agree. An low-end Ultrapixel camera priced as high as G2 or S4 isn't a good marketing strategy. HTC failed!

3. MarkArigayo

Posts: 240; Member since: Dec 18, 2013

Loses net sales, market share and public interest is HTC. The gadget competition out there is getting harder, and HTC should decrease price tag of their products. Otherwise, HTC will disappear from the market and perished. HTC was a legend, and will be a part of history.

4. Jason2k13

Posts: 1462; Member since: Mar 28, 2013

but I thought the public prefers premium, well designed phones only? and not ugly Samsung design?

7. MarkArigayo

Posts: 240; Member since: Dec 18, 2013

I was a Sammy diehard and they can survive and lead the market thanks to massive campaign and advertisements. HTC troubled itself with unclear marketing strategy. They should decrease their price-tag at least 30% to increase their market shares.

8. Jason2k13

Posts: 1462; Member since: Mar 28, 2013

go market a pig as the best pet to have and see how far you will go. There are many factors to selling a product, and marketing is just one of them. HTC phones are expensive, 4mp camera was such a bad move when the public prefers bigger numbers like S5 16mp. Like the HTC M7, it was a big phone for it's screen size, and now the M8 is even bigger. I just hope HTC still lives on, because I like options.

15. Taters

Posts: 6474; Member since: Jan 28, 2013

All these marketing geniuses are hilarious. Marketing can be a powerful tool but it is just a tool or a process. The first part of this process usually begins like this. You look at a product and you analyze it. If it's not marketable, you just don't spend money on it and it doesn't pass the drawing room board. Samsung products are marketable and HTC products are not. That is the more realistic way of looking at it. Whether that speaks to quality or not is up to you. I say it does speak for quality at least indirectly. HTC and Sony fans just need to suck it up and stop blaming marketing for their companies failures. People usually know what they want and it isn't a suck T C product.

22. nokia12

Posts: 610; Member since: Nov 19, 2013

People stop Blaming marketing for HTC failures.. i have repeated this countless no of times here... HTC is a flop Because of its ridiculous Pricing .. they are 10-20 % expensive than Samsung. if given a choice people will obviously prefer better build and premium materials but if offered at same price.. there are few who only prefer premium and are ready to pay more for that but for price conscious which are more in number one is ready to adjust and mostly people now use cases . So why Spend extra for HTC . Learn From Sony they had their products 10-20 % cheaper than samsung and were good looking and see in india they are now second and have beaten Apple,HTc,LG . they are Rising very good and so is LG. I Bet Xperia Z2 is going to trump over M8 sales.. 90 % of sales of samsung comes from Uninformed buyers and through advertisement ... But to get those uniformed buyers one need to give people better value for money so that those 10 % informed buyers buy that and Reviewers start recommending. then gradually it starts building advertisement and market presence for itself .. That is how samsung was made and that is where HTC is failing . Sony,LG is doing Great

34. omaianu unregistered

Your analysis if HTC and Samsung is completely off. If you offer premium build and quality, you are not going to charge the same price as average build and quality. Do you think BMW should charge the same as Hyundai? Obviously not. People will pay a premium for a premium product. Marketing is a huge factor here. Through marketing, an image is developed. HTC could brand itself as a "premium" phone maker, but it hasn't done any marketing at all really. Price is not the problem...image and recognition are.

33. omaianu unregistered

Does your life revolve around finding articles about HTC to bash? Get a life...

30. verty

Posts: 132; Member since: May 07, 2012

Thoughtless. Who said samsung phones are ugly. Let me ask you which phones are beautiful?????

6. vuyonc

Posts: 1090; Member since: Feb 24, 2014

Lemme guess. All that money went to those terrible Gary Oldman ads.

9. NotAGeek

Posts: 279; Member since: Jan 26, 2014

This is the reason why HTC should stop mocking samsung

10. GreekGeek

Posts: 1276; Member since: Mar 22, 2014

Whhhhyyyyyy Ohhh Whyyyyyyyyy HTC do you keep on shoving your ultra lame ULTRAPIXEL technology down people's throats?! n-o-b-o-d-y wants it............. And you wonder why sales figures has been so abyssmally poor? Listen to your customers for eff's sakes...geez...for once...listen to them!

11. Killua

Posts: 270; Member since: Nov 25, 2013

Like it or not Brand Awareness is important factor in selling a product. HTC design might looks good, but in terms of brand name it's losing to Samsung & Sony. And honestly, M8 is pretty disappointing, not much difference than M7. They should spent more time into their software, not design only.

12. GreekGeek

Posts: 1276; Member since: Mar 22, 2014

They should've stopped developing their lousy camera tech after the HTC ONE. And they need to hang or shoot themselves for the ultra-flop ultra-horrible HTC ONE MAX (Plus who could forget their Facebook phone).....Now it's too little too late Only a miracle could save them, how about lowering the price tags first? A slimmest chance of recovering is still a chance lol RIP

17. Taters

Posts: 6474; Member since: Jan 28, 2013

They can't lower the price. They already signed the Apple and Nokia's extortion fee's contract. Samsung and Ericcsson should sue them too and just take their remaining profits or lack of profits. It would be hilarious. Lol

27. nokia12

Posts: 610; Member since: Nov 19, 2013

hahaha +1

13. itsdeepak4u2000

Posts: 3718; Member since: Nov 03, 2012

Keep the prices low and do marketing properly.

14. StraightEdgeNexus

Posts: 3689; Member since: Feb 14, 2014

If you look in 2010-2011 brand value of htc was somewhere near oppo and huawei minus marketshare.

16. StraightEdgeNexus

Posts: 3689; Member since: Feb 14, 2014

In stores near me OG htc one costs more than galaxy s4 and equal to lg g2.

18. SAO101789

Posts: 123; Member since: Feb 10, 2014

Phones 8mp and up will always sell better. Htc may have best design but it's not worth it from the specs in my opinion not hating

19. CX3NT3_713

Posts: 2350; Member since: Apr 18, 2011

Microsoft should buy this company as well....

23. StraightEdgeNexus

Posts: 3689; Member since: Feb 14, 2014

here comes a wp fanboy. lol.

20. Liveitup

Posts: 1798; Member since: Jan 07, 2014

But it uses Android OS overwhelmingly.

21. Slammer

Posts: 1515; Member since: Jun 03, 2010

Beauty is only skin deep. HTC lost me with the 4G LTE. Any company that tells me I don't need removable batteries, will lose my business or not get it at all. I'm done playing games. These companies stand to make billions off consumers forced to bring their devices in for battery issues. Many of my friends that have taken the plunge on newer handset designs with embedded batteries, have grown tired of the BS. Three of my constituents had to pay close to $200 just to have their handset replaced due to battery problems. There was nothing else wrong with their handsets other than that. Many have decided to move to Samsung for high end specs and component accessibility. John B.

24. GreekGeek

Posts: 1276; Member since: Mar 22, 2014

When you don't listen to your customers, things can get pretty nasty, Ask Microsoft... Two major catastrophic blunders that this company has made so far... 1. It took them awhile before *they realized* MicroSD slot is an important, deal-breaker of a feature 2. And now, rumor has it that they are FINALLY ditching the Ultrapixel in their next upgrade cycle. And I thought reacting late was Microsoft's expertise lmao, boy was I wrong! It turned out HTC was BETTER :-D Design alone won't win you many customers HTC

25. KillerKeyboard

Posts: 372; Member since: Nov 21, 2013

Hate That Camera Help This Company

26. Slammer

Posts: 1515; Member since: Jun 03, 2010

Well, Just finished a phone call with Barry at HTC. Informed him that if and when HTC can keep their current hardware design but reinstate removable batteries, that many people like myself will return to HTC. He was very receptive and understanding. So I'm not sure what tech sites such as phonearena and others are doing to help promote the very important features of consumer control on certain accessible parts. But, my conversation with Barry seemed "encouraging". We, as tech enthusiasts, need to put the pressure on these manufacturers that diversity and consumer balance is more important than them trying to force us what is goog and what isn't. I also called Samsung and commended their stance in retaining the accessibility of important components such as SD cards and removable batteries. Samsumg was equally receptive and very proud that customers acknowledge one of the many reasons they are sought after. John B.

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