HTC has its worst quarter in years after HTC One delay
HTC’s troubles just can’t seem to stop. The Taiwanese smartphone maker hoped that its HTC One smartphone would put in on a path to large profits not since late 2011, but manufacturing delays have instead made it so that HTC reported its lowest profits ever.
HTC today announced its unaudited results for the first quarter of 2012. The company’s profit margin reached NT $85 million (US $2.8 million), the lowest reported on record, according to Bloomberg. It’s also a sharp decline from the US $151 million profits reported during the same period in 2012, and $504 million reported in 2011.
Component shortages prevented the HTC One from being released internationally in March, which caused HTC to miss out on sales that would have helped start a modest rebound. The original release dates would not have allowed much time for the One to factor into its first quarter sales, but HTC needed the device on store shelves as soon as possible in order to compete with other phones on the market. The One’s second quarter may be just as challenging because it will only be on the market for one week before the Samsung Galaxy S 4 debuts in the U.S.