| TAIPEI (Reuters) - THE NEW HTC Corp documented the record-low quarterly revenue upon Mon which skipped analysts' estimations following the postponed release of 2013 range topping smart phone product additional eroded product sales among difficult competitors through Special Consumer electronics as well as Apple company. The Taiwanese smartphone maker said its unaudited net profit was T$85 million (1.86 million pounds) in its January-March first quarter, compared with T$1 billion in the prior quarter and T$10.9 billion in the same period last year. It was the lowest since HTC began reporting quarterly profits in 2004. HTC was expected to post a net profit of T$467.5 million, according to the average forecast of 18 analysts polled by Thomson Reuters I/B/E/S. First-quarter revenue was T$42.8 billion, lower than the T$50-60 billion range that HTC had forecast in February. Revenue in the fourth quarter was T$60 billion. HTC rolled out its latest smartphone, the HTC One, in just three countries last month, instead of in 80 countries as it had originally planned. The company said HTC One sales would not kick off before the end of April across Europe, North America and the Asia-Pacific region. HTC was the world's 10th-biggest smartphone maker by shipments in the fourth quarter, according to IT research firm Gartner, jostling in a crowded field behind the top-two heavyweights Samsung Electronics and Apple. Stocks associated with THE NEW HTC taking over fifty percent of the worth during the past a year, underperforming a small within Taiwan's primary TAIEX catalog. Upon Mon, THE NEW HTC stocks shut straight down second . two % prior to the revenue had been launched, in contrast to the second . four % along with the primary catalog. |
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