HTC finances improve over last quarter, but show just $41.6 million profit in Q2 2013

Though HTC has fallen shy of the $66.7 million in earnings investors were looking for in Q2 2013, at least it's a marked improvement over last quarter's disaster. It managed to improve profits to $41.6 million from a mere $2.8 million last quarter, based on unaudited figures. Revenue also jumped to $2.4 billion over $1.4 billion in Q1, likely due to demand for its flagship One model along with the ability to finally produce it in numbers. However, all that pales over last year's Q2 results, when the company earned $250 million on $3 billion in revenue. According to Reuters, the problems occurred towards the end of the quarter, as sales for June swooned 26.4 percent over Q2 2012 -- a trend it no doubt hopes won't continue for the rest of the year.

Filed under: Cellphones, HTC

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Source: Reuters

Source: http://www.engadget.com/2013/07/05/htc-misses-estimates-but-picks-up-the-pace-with-for-q2-with-1/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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