HTC reiterates poor Q1 figures, ahead of One rollout

HTC reiterates poor Q1 figures, ahead of One rollout

02 MAY 2013

Peter Chou, CEO of HTC, described the company’s lacklustre first quarter as “pivotal” for the company, stating that a revenue uptick is expected for the second quarter, following the launch of its new HTC One flagship.

The company reiterated that net profit for the period was TWD85 million ($2.9 million), down from TWD4.5 billion in Q1 2012, on revenue of TWD42.8 billion, down 36.9 per cent year-on-year from TWD67.8 billion.

For Q2, the company has forecast revenue of around TWD70 billion, which would mark a 63.6 per cent quarter-on-quarter increase, but is still down on the TWD91 billion it saw in the second quarter of 2012.

It is anticipating an operating margin in the 1 per cent to 3 per cent range, compared with 0.1 per cent for the first quarter of 2013, and 9 per cent in Q2 2012.

There is no doubt that the company’s fate lies in the hands of One, with Chou noting that “the reviews of fans and critics alike have been overwhelmingly positive, and we look forward to delivering on the promise of this device”.

However, its launch was delayed, meaning that it has reached the market at the same time as Samsung’s Galaxy S4 flagship.

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Steve Costello

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