Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 04 July 2014 11:16

HTC shares soar as profits rise

Written by Nick Farrell

Not out of the woods yet

Shares of HTC shot up 4.7 percent this morning after the struggling smartphone maker posted a quarterly net profit that slightly beat analysts' forecasts.

The launch of new flagship and midrange phones, cost cutting and disposal of assets helped HTC swing back to a profit in the second quarter. The company reported a net profit of US$75.6 million in the second quarter, up 80 per cent from the same quarter in 2013 and better than a net loss $5.5 million in the previous quarter.

It was not all good news. The revenue barely met the company's guidance, which shows it is still struggling to match sales with Samsung Electronics and low-cost Chinese competitors. HTC, the top seller of Android smartphones in the US some three years ago, has fallen out of the world's top 10 vendors. The company is betting that a new high-end flagship smartphone, the HTC One (M8), will make things better.

Chief Financial Officer Chialin Chang said in May that HTC had worked to smooth out supply-chain issues, has introduced low-price smartphones in emerging markets and has begun outsourcing some production to cut costs.

Nick Farrell

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments