HTC reported its audited second quarter earnings today, releasing figures in line with the earlier unaudited results reported last month. From March to June, the smartphone maker generated revenues of NT$91.04 billion (~$3.04 billion), while net income after tax was NT$7.4 billion (~$247 million), with a gross margin of 27.01 percent and operating margin of 9 percent.
Looking ahead, HTC expects lower revenues, profits and operating margins from July to September. The manufacturer expects revenues to reach somewhere between NT$70 to 80 billion (~$2.33-2.67 billion), with an expected gross margin of around 25% percent and operating margin of 7 percent. If accurate, such a figure would represent a significant year-on-year fall from the NT$135.82 billion (~$4.53 billion) reported at the height of HTC's success in Q3 2011.
Despite the launch of the well-received HTC One series earlier in the year, 2012 has been an uneasy year for HTC, with profits declining amid strong competition from Samsung and Apple in the smartphone market. HTC recently sold back half of its share of headphone maker Beats Audio, less than a year after acquiring its stake in the company, following the failure of Beats to emerge as a differentiator for a HTC's smartphones. And late last month the manufacturer pulled out of South Korea after its market share in the country reportedly dipped below a single percentage point.
Despite these difficulties, HTC continues to hold a significant chunk of market share in the U.S. -- around 14 percent, according to recent Nielsen numbers.
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Source: http://feedproxy.google.com/~r/androidcentral/~3/w7IULADlbgU/story01.htm
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