HTC Profits Down, But Still Making Money

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 3^rd 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.

Embed­ded Link

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

Google+: View post on Google+

Post imported by Google+Blog. Cre­ated By Daniel Tread­well.