Taiwan-Net earnings HTC Q2 lower expectations - Echoes

05/07 | 10:53

Taiwanese smartphone maker HTC has reported a net profit increase for the second quarter of 2013 to 1.25 billion Taiwan dollars (32.3 million euros), thanks to strong sales of its latest model.

This is significantly more High as 85 million – a record low – recorded in the first three months of the year, but is below expectations of analysts, who had expected $ 2.02 billion , according to the consensus Thomson Reuters I / B / E / S.

second quarter of 2012, HTC had a net profit of $ 7.4 billion.

health of former subcontractor deteriorates sharply since the second half of 2011, the rule of increasingly marked” for Apple iPhone and the Galaxy range of smartphones from Samsung Electronics has quickly eclipsed success of his own brand.

HTC was a one of the first manufacturers to release a smartphone running Google’s system before being gradually overtaken by Samsung, which has, according to Gartner, 42% market share on Android devices.

HTC’s market share fell to 1.8% last year, against 2.4% in 2011.

Shortly before, Samsung had also reported a lower-than-expected preliminary earnings, which leads some to believe that the period of irresistible forward march of the South Korean group may be over. (See)

sales of HTC in the second quarter stood at 70.7 billion Taiwan dollars against 42.8 billion the previous month.

the month of June alone, sales, however, decreased by 26.4% compared to the same period of 2012.

Analysts said the drop in sales observed in the last months of the second quarter bodes ill for the third.

“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.

HTC unveiled its latest smartphone in late February, just before Samsung launches Galaxy S4.

jumped 158% in 2010, HTC shares fell 42% in 2011 and 40% in 2012. Since the beginning of the action loses 32.5% and is found at 203 Taiwan dollars (closing Friday) at levels not seen since 2005.

* Graph results HTC