Latest in Earnings

Image credit:

HTC breaks sales losing streak, believes the new One will help it turn a profit

Share
Tweet
Share
Save

Sponsored Links

You don't need to be a financial genius to know that 28 straight months of declining year-over-year sales is not a good thing. HTC finally broke that streak this quarter, but that's the only silver lining in an otherwise dismal earnings report. While March 2014 sales were up 2.2 percent over last year, revenue for the quarter was only NT$33 billion (about $1 billion US), lower than even the company's own (gloomy) forecast. That resulted in a net operating loss that was also worse than expected. On the plus side, HTC has projected a profit for next quarter, the first that will reflect its widely lauded HTC One (M8) handset. Unfortunately, overall sales are still expected to be much lower than last year, and a shadow of the glory days of yore.

Source: HTC
Coverage: Bloomberg
All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share
Save

Popular on Engadget

Engadget's Guide to Privacy

Engadget's Guide to Privacy

View
‘Fortnite’ is getting a Batman crossover

‘Fortnite’ is getting a Batman crossover

View
What's it like cooking your own Impossible Burger?

What's it like cooking your own Impossible Burger?

View
Windows 10 Insider build simplifies Bluetooth pairing

Windows 10 Insider build simplifies Bluetooth pairing

View
Fox Sports will broadcast Thursday Night Football in 4K

Fox Sports will broadcast Thursday Night Football in 4K

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr