HTC again shows weak quarterly results

HTC again shows weak quarterly results

    Taiwanese smartphone maker HTC predicts that in the current quarter, the company will receive its losses due to falling market share and fierce competition from Apple, Samsung and other manufacturers. According to the forecast of the company in the third quarter, the company had revenue of 60 billion New Taiwan Dollars or U.S. $ 2 billion, against U.S. $ 70.2 billion in the same period last year. Analysts predict that HTC will sell in September at 72.7 billion Taiwan dollars.

 Investors point out that last year the HTC shares have lost 43% of their value, while the hopes placed on the smartphone HTC One, released in April of this year, so and not justified. Now the company has a very difficult to compete with Samsung Electronics and its flagship Galaxy S4, as well as with the Chinese ZTE and Huawei Technology in the segment of low-end phones.

During the reporting quarter net profit fell by 83% to 1.25 billion Taiwan dollars, sales declined by manufacturer 22% to 70.7 billion Taiwan dollars. According to the rating to IDC, HTC is now the ninth largest producer of smartphones in the world with a share of 2.4%.