Oh, how the mighty have fallen. HTC, an early champion among Android manufacturers, is in dire straits. And those straits are about as dire as they could be – with disastrous quarterly results to prove it. How did this happen? Will the HTC One be enough to pull its head above water? Read on.
Today HTC announced its results for Q1 2013. They ain’t pretty. The company’s revenues are down 37 percent from the same quarter last year. Compared to Q1 of 2011, they’re down 59 percent.
But the revenue numbers don’t begin to paint the picture of HTC’s troubles. Profits are down year-over-year by 98 percent. Yes, you read that correctly: a 98 percent drop in profits. Ouch.
This ship is sinking. And fast.
Monday, April 8, 2013
HTC's ship is sinking
Oh, how the mighty have fallen. HTC, an early champion among Android manufacturers, is in dire straits. And those straits are about as dire as they could be – with disastrous quarterly results to prove it. How did this happen? Will the HTC One be enough to pull its head above water? Read on.
Today HTC announced its results for Q1 2013. They ain’t pretty. The company’s revenues are down 37 percent from the same quarter last year. Compared to Q1 of 2011, they’re down 59 percent.
But the revenue numbers don’t begin to paint the picture of HTC’s troubles. Profits are down year-over-year by 98 percent. Yes, you read that correctly: a 98 percent drop in profits. Ouch.
This ship is sinking. And fast.
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