Taiwan's HTC swings back to profit in Q2
The firm said net profit came in at Tw$2.26bn ($75m) in the second quarter, up 80% year on year and much improved from a net loss of Tw$1.88bn in the previous three months, when sales hit a three-month low. It announced its results late Thursday.
Revenue in April-June almost doubled to Tw$65.06bn from Tw$33.1bn in the first quarter, thanks to the March launch of the HTC One M8.
However, income was at the bottom range of a Tw$65bn-Tw$70bn forecast and analysts warned HTC had a long way to go before regaining lost ground to rivals Samsung and Apple and low-cost Chinese rivals such as Lenovo and Huawei.
In the 2013 third quarter, HTC swung to its first net loss of $101m since listing in 2002, as it fell out of the world's top 10 vendors and has been struggling to increase its foothold in the highly competitive smartphone market.
Source: AFP, via I-Net Bridge
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
