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HTC Posts Unexpected

Taiwanese smartphone maker HTC stated Friday it swung to a revenue within the 0.33 quarter, but earnings persevered to decline due to sluggish sales amid sturdy competition from not pricey Chinese models.

HTC stated a web profit of TWD 640 million ($21 million) in July-September from a web lack of TWD 2.ninety seven billion in the identical duration remaining yr.

Earnings in this length got here in at TWD forty one.86 billion, down eleven percent on-yr and 36 % on-quarter. It was also decrease than a forecast of between TWD 42 billion and TWD forty seven billion, an organization remark stated.

HTC Posts Unexpected Q3 Profit

HTC has stated that gross sales had been anticipated to slow as initial pleasure over its new products wore off.

The company’s second quarter internet profit used to be up 80 percent on-year and much more advantageous from a web lack of TWD 1.88 billion within the first quarter, aided by means of good sales of HTC One M8 and want 816 fashions.

Alternatively, analysts warned HTC had an extended strategy to go earlier than regaining misplaced ground to competitors Samsung and Apple in addition to low-cost Chinese language competitors such as Lenovo andhuawei.

Within the 2013 0.33 quarter, HTC swung to its first internet lack of because list in 2002, as it fell out of the arena’s top 10 vendors and has been struggling to increase its foothold within the highly competitive smartphone market.