Health HTC is far from rosy. That said, a financial maneuver saved the last quarter of the manufacturer.
Remember: the previous quarter was a disaster for HTC, because the company had experienced its first loss since its inception. The third fiscal quarter of 2013 did not allow HTC to make money or stay stable. When a company enters this mechanism, it is very difficult to do anything to get out: investments are cut off, morale is low, investors panic, the future is hard to predict. In short, this is the situation that any company would like to avoid in its history.
to avoid having to make a new report that was more or less the same pace, HTC has been finely. HTC One Max has not allowed the company to return to its accounts, not more than sales of the HTC Mini One or those, older but still valid, the HTC One. This fiscal quarter, HTC has lost $ 52.1 million. That said, it sold its stake in Beats Audio, the longtime partner of the firm, which team logo and a few audio compression algorithms its smartphones. This resale allowed to bring 265 million U.S. dollars. So, after the transactions, the firm now finds itself with 10.4 million profit when it has not sold masses of devices.
Although this is below the forecasts of analysts who were hoping to see $ 23 million of net income, it is a respite for HTC which can blow for another quarter before having to face the wrath investors. In this time, it will be back on track to keep the situation stable, or in the best case, to produce a net profit result which is not boosted by the sale of shares in a third company . To do this, HTC will have to rely only on itself and its main activity: the design of smartphones. We therefore expected over the HTC One forward …
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