No doubt this latest announcement will cause yet more share price drops and another round of articles about how much trouble HTC are in. All of which just goes to show how useless the market is as an economic indicator and how useless most of our journalists are at parsing basic numbers.
HTC’s net income for Quarter 4 (that’s actual profit, not revenue) was $364 million which is a significant 26% drop on same quarter last year. But I stress $364 million in profit. It’s making money, just a little less than last year. The main reason is obvious. HTC hasn’t had the phone to buy for the last couple of quarters.
By comparison Motorola Mobility (the bit that Google is buying) posted a 3rd quarter loss of $32 million, but we’re not reading endless reports on how it is struggling. No, we hear about how things are getting better.
HTC profit dips for first time in two years under pressure from iPhone | Android Community
HTC had some bad news in its latest financials for Q4 reporting that its quarterly profits had dipped for the first time in 2-years. HTC reported its Q3
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