HTC's Q2 2013 brings income growth from Q1, but year-over-year profit drops

Alex Wagner
Editorial Director of News and Content from  Omaha, NE
| July 5, 2013

HTC One bottom

How about a nice cup of quarterly earnings to go with our bowl of cereal? HTC is happy to oblige, as this morning it released its results for both the second quarter of 2013 as well as the June numbers. The company says that it earned total revenues of NT$70.7 billion ($2.35 billion USD) for Q2 2013, which is in line with HTC's guidance but is also a 22 percent drop from the NT$91.04 billion ($3.03 billion USD) revenue that it saw in Q2 2012. Meanwhile, HTC's net income after tax for the quarter finished at NT$1.25 billion ($41.6 million USD), a drop from the NT$7.40 billion ($246 million USD) profit that it saw in Q2 2012 but an increase from the NT$85 million ($2.83 million USD) income total of Q1 2013.

Looking at June specifically, HTC reports that it saw revenue of NT$22 billion ($732 million USD) during the 30-day period. That's a decrease from the NT$29.0 billion ($966 million USD) revenue that the Taiwanese firm earned in May 2013 and a drop from the NT$30 billion ($999 million USD) revenue figure reported by HTC in June 2012.

Overall HTC's Q2 2013 and June 2013 performances seem to be a bit of a mixed bag. HTC's Q2 2013 numbers met the company's own guidance for the quarter and also showed quite a bit of growth from Q1 2013, but the company didn't quite reach the NT$2.0 billion ($66.6 million USD) of income that analysts has estimated it would. The June numbers show that despite moving 5 million units in its first 50 days of availability, the HTC One couldn't help its maker to keep up the growth in revenue that it'd been seeing in recent months, starting at NT$15.88 billion ($529 million USD) in March and cresting at $29.0 billion ($966 million USD) in May.

Looking forward, HTC is rumored to be prepping a pair of variants of its flagship One smartphone. The HTC One mini is expected to sport a 4.3-inch 720p display and could launch in either July or August. A larger HTC One Max is also said to be in the works with a 5.9-inch 1080p display, though The Wall Street Journal claims that that device may not arrive until sometime in Q4 2013. Having several size options when it comes time to buy a new smartphone is always a good thing for shoppers, and it sounds like HTC is hoping that offering different sizes of the One will be good for its numbers as well.

Via HTC, The Wall Street Journal