HTC profit down 83 percent from last year despite flagship launch


HTC has just announced its unaudited results for the second quarter 2013, and they’re not pretty. Despite launching a much-lauded flagship smartphone, the HTC One, the company made just NT$ 1.25 billion (roughly $ 41 million) after tax from NT$ 70.7 billion ($ 2.35 billion) revenue. In the same quarter last year, the company took in revenue of NT$ 91.04 billion ($ 3 billion) and made NT$ 7.40 billion ($ 246 million) profit.

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