The Taiwanese smartphone manufacturer HTC has announced its preliminary financial results for the second quarter of 2013. Consequently, it generated sales of 70.7 billion TWD (approximately EUR 1.8 billion) and a profit after tax of TWD 1.25 billion (30 million euros). According to a report in the financial news agency Bloomberg HTC missed both earnings and revenue expectations of analysts.
In the second quarter of 2012 the company had reached $ 91 billion NTW (2.35 billion euros) in sales and a profit after tax of NTW 7.4 billion (190 million euros). So while sales declined by 22 percent within a year, profit fell by 83 percent.
looks better comparison with the first quarter of 2013: Facing him, revenue has grown by 65 percent, earnings by nearly 50 percent. One explanation for this growth could be the HTC one that came to stores in May.
After the publication of the figures for the HTC shares briefly rose by about two percent, but subsequently fell back to the previous level. (ck)
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