Sunday, July 7, 2013

HTC: saw its profits plunge in the second quarter - Boursier.com

(Boursier.com) – Disappointing results for HTC . The Asian giant sees mobile net income melt 83% in the second quarter to 1.25 billion Taiwan dollars ($ 41.6 million). The consensus expected a profit of $ 2 billion T. Revenues were down 22% to $ 70.7 billion T. The health of the former subcontractor deteriorates sharply since the second half of 2011, the rule more marked for” Apple iPhone and Galaxy range of smartphones from Samsung Electronics has quickly eclipsed the success of its own brand.

“HTC may well have new products in the third quarter, Apple’s competition and other Chinese brands is fierce. It will be difficult to continue to grow,” said Michael Shieh, an analyst at Goldman Sachs.

JB.A. – © 2013 www.boursier.com

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