HTC Reports Q1 2013: $2.88 Million Profit On $1.45 Billion In Revenue

Posted on May 2 2013 - 2:00pm by Editorial Staff

HTC

The struggling Taiwanese mobile market HTC today announced its consolidated earnings for the first quarter. The company reported net income after tax of NT$85 million (a mere $2.88 million) on NT$42.8 billion ($1.45 billion) in total sales for the quarter. Further, the earnings per share were NT$0.1 ($0.003) while gross margin was 20.3% and the operating margin came in at 0.1 percent.

“This was a pivotal quarter for HTC,” said HTC CEO Peter Chou in a statement. “In February our teams set a new standard for smartphones, launching the new HTC One. The reviews of fans and critics alike have been overwhelmingly positive and we look forward to delivering on the promise of this device.”

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