Just In
- 52 min ago Vivo X Fold 3, Vivo X Fold 3 Pro Launched with Snapdragon Chip, ZEISS Cameras: Price, Specs, Design
- 3 hrs ago Apple WWDC 2024 kicks off on June 10: iOS 18, New Developments in AI, and More Expected
- 14 hrs ago Realme GT Neo 6 SE with 1.5K OLED Display, Snapdragon 7+ Gen 3 SoC Launching in April
- 14 hrs ago iQOO Pad 2 Launch on Cards; 66W Fast Charging, 144Hz Display Tipped
Don't Miss
- Lifestyle When Is Sheetala Ashtami? Date, Time, History, Significance And Legend Associated With This Day
- Finance PSU Stock Below Rs 100: Sumeet Bagadia Is Bullish On This Miniratna Stock For Rs 97 TP
- Sports Madrid Spain Masters 2024: Treesa-Gayatri Crash Out In Opening Round; Two Men's Doubles Pairs Progress
- Movies Madgaon Express Box Office Collection Day 5: IPL Offer In Ticket Prices But Kunal Kemmu's Film FALLS FLAT
- News Government Extends Onion Export Ban In Run-Up To Lok Sabha Polls
- Education SPMCIL Technician Recruitment 2024; Application process, Salary details and more
- Automobiles Hero MotoCorp Unveils Pleasure Plus Xtec Sports Variant With Unique Design
- Travel Learn About the Types of US Visas Available for Indian Immigrants and the Visa Process
HTC Posts Fourth Quarter Profit Result, Observes Slim Profit Than Last Year
Taiwanese smartphone maker HTC on Tuesday posted a less expected and weak results for the first three months of 2015, while still managing to keep up a fourth successive quarterly profit.
Click Here For The Latest Smartphone Gallery
HTC said net profit came in at TWD 360 million ($11.6 million, approx Rs. 72 crores) in January-March, a remarkable improvement from a net loss of TWD 1.88 billion in the same period last year.
Revenue rose 25 percent to TWD 41.52 billion from last year, when it hit a five-year low of TWD 33.1 billion, the company said in a brief statement.
Recommended Link: Biomechanical Simulations Show How Cell Phones Stress Muscles
However, both net profit and revenue fell compared to the previous quarter HTC had posted TWD 470 million net profit and TWD 47.87 billion revenue in October-December.
"HTC's first quarter performance was pretty weak," said Jeff Pu, analyst at Yuanta Securities Investment Consulting.
"It only reported TWD 20 million in operating profit, which showed that its core business was not improving," he said.
In the third quarter of 2013, HTC swung to its first net loss since listing in 2002, as it fell out of the world's top 10 vendors.
Recommended Link: Gold-Plated Nokia Lumia 930 Gets Glamourous Looks
Last year's launch of the popular M8 model created a fresh buzz around the brand, but analysts have warned that it still has a long way to go before regaining lost ground.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
49,999
-
30,700
-
36,999
-
38,999
-
1,17,840
-
35,000
-
23,960
-
82,510
-
16,258
-
25,999
-
26,999
-
31,999