htc-verge

Graphic: The Verge

HTC had better hope the new HTC One (M8) sells well: it has just reported its second quarterly loss in three quarters after essentially doing no better than breaking even since the third quarter of 2012.

The company had warned investors that it would begin the year with a loss, but The Verge reports that the figures were worse than expected.

Even its downbeat estimates weren’t pessimistic enough. The company fell short of the expected NT$35 billion in sales, posting NT$33.12 billion, and disappointed analysts who had been predicting a narrower loss … 

HTC said in a statement that it expects to return to profit in the second quarter thanks to new mid-range phones like the Desire 816 as well as the flagship One (M8).

The company expects to see positive trajectory of its revenue in April from March and forecasts quarter-on-quarter revenue growth in the second quarter

Our review of the HTC One (M8), which went on sale last month, found that it was a superb piece of hardware – “it is the best looking, best built (AFAICT after 3 days) phone out there, bar none” – let down by a confusing overlay. Our recommendation is to wait for the Google Play Edition. Other reviews concurred, criticizing the camera and the software.

HTC had a tough time of it last year, with a number of senior departures, including its COO; a halving of market share since 2011; former UK execs setting up a rival company; and arrests of its lead designers amid conspiracy claims.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

One Response to “HTC pinning all its hopes on the M8 version of the HTC One as losses continue”

  1. frankman91 says:

    Might just happen.

    Phone has an amazing screen, works fantastic, and looks sexy.

    Bought one for my Mom last week and she is loving it, and I plan to upgrade my Galaxy S3 for the same in a few months.