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HTC sees Q2 sales fall 50%
2015-07-06 11:36:00| Telecompaper Headlines
(Telecompaper) HTC reported revenues for the second quarter at the low end of its already reduced forecast. Revenues for the three months to June fell 50.7 percent from a year-earlier to TWD 33.01 billion. In early June, HTC already lowered its outlook for Q2 sales to TWD 33-36 billion, from earlier guidance of TWD 41.5-45 billion, citing weak demand for high-end Android phones and slow sales in China. The annual decline in sales accelerated in the course of the quarter, from a fall of 39 percent in April to over 60 percent lower revenues in June. As a result of the lower sales, the company recorded an operating loss of TWD 5.14 billion in Q2 and a net loss of TWD 8.03 billion or TWD 9.70 per share. The company will give a full quarterly earnings report at a later date.
HTC Q2 revenue plunges
2015-07-06 02:00:00| Total Telecom industry news
Taiwanese smartphone maker swings to net loss.
HTC on Asus Acquisition: No Thanks
2015-06-15 23:02:05| PC Magazine Cell Phones Product Guide
"We strongly deny the news," HTC wrote in a note to investors.
Tags: thanks
acquisition
asus
htc
HTC cuts Q2 guidance, begins strategic review
2015-06-08 02:00:00| Total Telecom industry news
Taiwanese device maker struggling in face of slowing demand for high-end handsets, weakness in China.
Tags: review
begins
strategic
guidance
HTC looks beyond smartphones as outlook gets lowered for Q2
2015-06-07 13:04:00| Telecompaper Headlines
(Telecompaper) HTC has lowered its outlook for the second quarter on the back of slower demand for high-end Android devices and weaker than expected sales in China, and has started to aggressively develop new business opportunities beyond smartphones. The manufacturer is now guiding for revenues of TWD 33-36 billion, gross margin of 19-19.5 percent and earnings per share of TWD 7.70-9.94. The previous guidance was for revenues of TWD 41.5-45 billion, gross margin of 19.5-20 and EPS of USD 0.08-0.47. HTC said Q2 gross margin was also affected by product mix changes and lowered scale, while increased competition raised operating costs for product promotion. The company will also take a TWD 2.9 billion one-off charge for its efficiency programme in Q2. Preliminary revenues for the first quarter reached TWD 65.9 billion, while revenues for the month of May amounted to TWD 10.76 billion.
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