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Saturday, April 7, 2012
HTC?s Rough Q1: Profits Down 70% Over Last Year, Revenue Dips 35%
HTC released their unaudited Q1 2012 earnings earlier this morning, and the results aren?t pretty [PDF]. The Taiwanese company managed to pull down NT$67.8 billion ($2.3 billion) this past quarter, a nearly 35% dip year-over-year. What?s more, HTC took an even bigger hit when it came to net income after taxes ? in Q1, they only raked in NT$4.4 billion ($149 million), compared to the NT$14.8 billion ($501 million) in profits earned this time last year. Ouch. Just? ouch.
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