Taiwanese smartphone manufacturer HTC has posted promising second quarter results, but analysts predict a flat third quarter, during which the company is likely to face increased competition from market leaders Apple and Samsung.
Even though the sales of flagship HTC One have boosted the company’s profits to £27.77 million, they still came in below expectations.
The first quarter of 2013 saw HTC hit a record low, due to serious supplier delays which meant HTC One was launched in just a handful of markets, instead of the planned 80. As a result, the company posted net profit of approximately £1.9 million, a 98 percent drop compared to the same period in 2012.
Things went better in the second quarter, with profits 25 percent down compared to the same period in 2012, when HTC One X was launched.
According to Reuters, analysts do not expect third quarter growth from the company, since there are just a handful of product launches planned for this period. HTC has also cut back on component orders for the quarter, which shows it doesn’t expect high sales numbers.
In August, HTC will launch the One Mini – a downsized version of its flagship device, hoping it will appeal to customers who have avoided the original One because of its impressive size.
Samsung has also missed the second quarter targets and posted cautious third quarter forecast, possibly indicating the smartphone market as a whole is slowing down.
Meanwhile, the Internet is buzzing with rumours that Apple is working on a smaller, cheaper iPhone – something CEO Tim Cook denied in the beginning of the year.
What do you know about Android? Take our quiz!
Tesla retreats from pioneering gigacasting manufacturing process, amid cost cutting and challenges at EV giant
No skynet please. After the US, UK and France pledge human only control of nuclear…
Microsoft's AI investments continue in south east Asia, after investments in Japan, Malaysia, Indonesia, as…
New chapter for LastPass as it becomes an independent company to focus on cybersecurity, after…
US FCC seeks to ban Chinese telecom firms at centre of national security concerns from…
Two updates to Anthropic's AI chatbot Claude sees arrival of a new business-focused plan, as…