Wireless News
05-02-2013, 08:00 AM
HTC on Thursday posted its audited earnings results for the first quarter of 2013 and the were in line with the company’s pre-announcement from last month. HTC managed to pull in just $2.88 in after-tax profit, down about 98% from the year-ago quarter, which had already seen profit drop 70% from Q1 2011. Revenue last quarter came in at $1.45 billion and operating margins fell to just 0.1%. “This was a pivotal quarter for HTC,” HTC CEO Peter Chou said in a statement. “In February our teams set a new standard for smartphones, launching the new HTC One. The reviews of fans and critics alike have been overwhelmingly positive and we look forward to delivering on the promise of this
More... (http://news.yahoo.com/htc-posts-worst-ever-earnings-q1-one-drive-115056866.html)
More... (http://news.yahoo.com/htc-posts-worst-ever-earnings-q1-one-drive-115056866.html)