HTC Announces Q2 2012 Earnings With Revenue Of $3 Billion, Net Income Was $247 Million

Posted on Aug 3 2012 - 8:49am by Editorial Staff

Taiwan mobile company HTC this morning released its second quarter results with revenue was T$91.04 billion (about $3 billion), net income was T$7.4 billion ($247 million). Gross margin and operating margin were 27.01% and 9.00%, respectively. For third quarter 2012, the company is expecting a revenue to be between T$70-80 billion. Gross margin is expected to be around 25% while operating margin is expected to be around 7%.

Financial highlights:

  • China well positioned to become a key growth driver
  • Growing brand awareness, strong operator partnerships and increasing retail presence
  • Asia met expectation for growth since the One family launched in 2Q
  • Sales in North and South Asia inline with expectation; Successful launch of HTC J in Japan
  • Increasing marketing and sales efforts in North America & EMEA
  • Products well received by both operator and channel partners; focusing on increasing consumer preference for HTC products

(Image Source: HTC logo)

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Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.