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HTC Profits Tumble 30 Per Cent

Gordon Kelly by

HTC Profits Tumble 30 Per Cent

With Apple, RIM and Google results proving so positive it seemed having a smartphone focus was the way to ride through this (don't say the) 'R-word' but apparently not...

Announcing its Q1 earnings yesterday HTC has brought us (and Microsoft?) back down to earth with news that it is bucking the trend of bucking the trend (so to speak) having revealed some pretty poor results.

Compared to the same period last year HTC has announced profits are down 30 per cent from NT$6.94bn ($210m) to NT$4.89bn ($148m) with revenues also slipping to NT$ 31,590m - a 3.4 per cent year-on-year decline.

HTC execs made no comment on the release which is somewhat surprising as - while poor - the number did actually beat analysts' estimates. Tempering this however was news that it missed several product shipment dates during the quarter which were subsequently pushed back to this month.

On a lighter note HTC did maintain double digit growth is possible during 2009, a figure I'd suggest would be even higher if it would release more handsets with Android...


Press Release (PDF Warning)

Go to comments

Brian ONeill

April 7, 2009, 8:29 pm

There is a surprise. They have completly dropped the ball. Over the years i had all the spv phones, they where great at the time but are now completly outclassed by the iphone.


April 8, 2009, 2:20 pm

I sold my iPhone 2G and bought the HTC Touch HD a week ago, I'm now selling it and buying back the iPhone

Slow and unresponsive, funny I thought HTC where &#8216top notch&#8217

Hamish Campbell

April 8, 2009, 2:54 pm

Should have pulled finger with some android phones.

Still who am I to talk, I'm wasting work time reading this site.


April 8, 2009, 4:26 pm

I'm not surprised either. Their devotion to Windows Mobile meant they simply were not a major player in the consumer market. And for the niche business PDA-cum-smartphone crowd (like me) none of their recent models have really been a compelling upgrade from the TyTN 2.

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