Android Phones

HTC posts dismal Q1 earnings, delayed One launch likely the culprit

April 8, 2013 | by Natesh Sood

Android Phones, HTC

HTC One Product Image

HTC has high hopes for the One in terms of global successor, but the company is going to need its hero smartphone to really come through.  According to its unaudited Q1 2013 earnings report, HTC performed tremendously worse than the same quarter last year.

Specifically, HTC’s net income for Q1 amounted to a paltry $2.8 million when last year’s amount totaled $173 million.  The total revenue for the quarter amounted to $1.4 billion, which also significantly dropped from last year.  The main reason HTC is performing much worse can be attributed to the botched launch of the HTC One.  It was initially slated to launch in March, but manufacturing delays pushed the launch back until April for most markets.

Hopefully, the One can help HTC turn around its past several dismal quarters and achieve success the company was once used to experiencing.

[Engadget] [HTC]