HTC reports Q3 net loss of NT$3 bn

HTC today announced consolidated results for the company and its subsidiaries for the third quarter of 2013 posting net loss of NT$3 billion.

The company achieved a quarterly revenue of NT$47 billion, with a gross margin of 20.4 percent and an operating margin of -7.4 percent and earnings per share after tax were -NT$3.58.

“We have delivered good progress in the third quarter with the introduction of HTC One Mini and One Max, we now have an HTC One for everyone,” said Peter Chou, CEO, HTC.

Building on the success of the award winning HTC One, in the third quarter the company introduced the HTC One mini and the HTC One max, delivering a family of devices that offer something for everyone. The launch of the new mid-range Desire 601 and entry-level Desire 300 further expanded HTC’s portfolio, enabling consumers to enjoy a premium experience at any price point.

Finally the company released a blue edition of the HTC One and a limited edition HTC Butterfly s Hello Kitty phone, bringing a fresh and unique approach to product design and innovation.

During the third quarter, the company saw sustained momentum in the EMEA region, while maintaining number one market share in Taiwan. For the first time through the launch of HTC One by Verizon, HTC became available across all four major US carriers in the US and in China, the HTC One max is expected to be market’s first wave of TD-LTE products, marking yet another milestone for leadership in global 4G technology innovation.

In terms of Q4 outlook, the company expects its revenue to be in the range of NT$40 billion to NT$45 billion, gross profit margin expected to be 20 percent +/- 1 percent and EPS is expected to be in the range of NT$0.1 to NT$1.7.

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