HTC have released their second quarter results from 2013, and things aren’t looking great, but it could have been much, much worse. HTC have reported a profit of AUD $44 million after tax from revenue of AUD $2.57 billion.
This news is much better than last quarter in which HTC reported profit of $2.7 million from revenue of $1.58 billion. The better results from the second quarter are due to the release of the HTC One to more markets and more availability of the device after delays in manufacturing in the first quarter.
But while the results are better than last quarters, in comparison to a year ago, HTC are looking to be in trouble if they can’t find more income. This time last year HTC reported profits of $269 million from revenue of $3.31 billion.
So from last year their profit has fallen $225 million (83.64%) and revenue has fallen $740 million dollars (22.36%).
HTC’s share price on the Taiwanese Stock Exchange has also taken a hit. Since the start of July it has fallen $1 leaving it at $7.20.
All money in AUD currency