HTC's Q1 earnings fall 30 percent

HTC's Q1 earnings fall 30 percent
HTC’s name may have humble beginnings, but it has blossomed to a powerhouse name that is renowned worldwide. They’ve seen a lot of growth with the help of their beautifully engineered mobile phones. But even during a dismal economy, they too are prone to what everyone is experiencing. In their most recent quarterly earnings report, the Taiwanese company made a net profit of NT$4.89 billion ($148 million) during the first quarter ending March 31.  Although they did post a profit, it was actually down 30 percent when compared to the NT$6.94 billion ($210 million) profit they made the year before. The company forecasted to make total revenues of NT$33 billion ($997 million) for the first quarter. Instead, revenue came in at NT$31.59 billion ($954 million) which was down from the previous year’s NT$32.70 billion ($988 million). HTC blames the missed expectations on delays for product shipments that were pushed to April. We’ve already started hearing rumors of many HTC phones expected to launch relatively soon which will hopefully boost sales for them.

via mocoNews



1. htsee

Posts: 86; Member since: Mar 15, 2009

Having the HD here in the states would've helped out, but the delays on several handsets is definitely the root cause here. It also doesn't help when the G1 didn't do as well as predicted. Android OS has a lot of potential, but it just doesn't seem to all be there right now. We'll see how things go this year, with the release of a few anticipated devices (whitestone, and rhodium)...

2. Kiltlifter

Posts: 742; Member since: Dec 11, 2008

I think HTC is awesome, and by your name I would assume you agree as well. I think that a new OS for a smartphone was a good idea, it just didn't get the penetration rate that was predicted. I can boot a version of android on my XV6900, it is a rough outline, but the OS is fun to play with. I think the amount of time it took for the Touch Pro/FUZE and Touch Diamond(CDMA) hurt their sales figures. I also think if HTC were to invest some of their own money into marketing instead of making the carriers market their products they could do better. Apple marketed the iPhone, and Samsung marketed some of their own phones like the Juke, which helps with awareness and audience penetration. If HTC were to showcase the abilities of the Touch Series for ATT VZW and Sprint (the big 3 in the US). There would be a lot more pressure and demand put back on the carriers to also showcase these devices in their own commercials. The carriers would also win with the data sales for smartphones, so I don't see what the problem is......

3. cartman

Posts: 45; Member since: Dec 11, 2008

I agree that HTC should market some of their devices directly. They don't seem interested in focusing on the NA market too much. Also, they need to release their devices for low-cost carriers, namely T-Mobile. Plus, when they release their new lineup for 2009, they should release it in North America simultaneously, along with Europe, instead of releasing one for America months later, [and weeks before a new version comes out] On the other hand, it may be cheaper for consumers to get a flip. Plus, some carriers require users to get a data plan for smartphones. [Sprint and VZW, so far AT&T allows people to get a HTC phone without a data plan]

4. att_agent

Posts: 96; Member since: Feb 26, 2009

HTC touch PRO FTW!

5. Fanboys Suck

Posts: 609; Member since: Dec 12, 2008

Make more phones that the carriers in the states will pick up. HTC makes sweet phones, but they kind of need to be here for us to buy.

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