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HTC Profits Slide in the Second Quarter

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HTC reported its second quarter earnings Friday and noted that its profits slid year-over year. The company reported revenue of $3.04 billion for the quarter and a net profit of $248 million, down from the $608 million the company reported during the second quarter of last year. HTC isn’t predicting a big swing next quarter, either. The firm said it estimates revenue between $2.34 billion and $2.67 billion, which will ultimately result in a 41-48 percent decline from the second quarter of 2011.

HTC said China is positioned to be key to the company’s growth as its brand awareness expands and its carrier partnerships are established. The company also said that it will increase its marketing and sales efforts in North America and EMEA and confirmed that its products were well received by operator and channel partners.

[via MobileBurn, HTC]


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Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...


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