Wireless News
07-05-2013, 08:20 AM
The flagship HTC One is easily one of the most impressive smartphones the world has ever seen, but it wasn’t enough to help HTC start on a path to recovery. The struggling smartphone vendor on Friday released earnings estimates for the second quarter that missed analysts’ consensus by a wide margin. HTC’s unaudited results show a profit that plummeted 83% to approximately $41.6 million last quarter, while revenue fell 22% to $2.4 billion. Analysts were looking for a $66.6 million profit for the second quarter. The results are an improvement over the worst-ever earnings HTC reported in the first quarter this year, but the launch of the HTC One did not have as munch of an impact as analysts were
More... (http://news.yahoo.com/htc-q2-profit-plummets-83-despite-htc-one-121544461.html)
More... (http://news.yahoo.com/htc-q2-profit-plummets-83-despite-htc-one-121544461.html)