Taiwanese smartphone maker HTC may become an acquisition target after making an operating profit of just NT$43m (£0.9m) in the quarter to March on revenues down 37% year on year to NT$42.8bn (£950m) as manufacturing problems hit its hopes of a comeback.
A shortage of cameras for its new flagship HTC One phone meant that by the end of the quarter it launched in only three countries, rather than the 80 it had aimed for – and also means that during the current quarter it will be struggling for attention with Samsung's new Galaxy S4, due to go on sale in the next few weeks.
Some analysts think the company could become an acquisition target as its cashflow suffers and the market polarises towards expensive phones from Apple and Samsung, and cheaper Chinese ones.The quarterly figures fell short of HTC's own modest forecasts made in February, when it said it expected revenues of between NT$50bn and NT$60bn. Those would have been substantially down on the year-ago figures.
No comments:
Post a Comment
Please comments are invited