HTC has officially published its consolidated Q1 2013 financial results, confirming what was previously revealed with the unaudited Q1 figures. As the closing of 2012 showed, HTC is in a struggling position against the almighty Samsung. The start of 2013 hasn't been kind to the company, but there's definitely optimism for its future.
Total quarterly revenue was pinned at NT$42.8 billion ($1.42 billion), with a gross margin of 20.3 percent and a whopping operating margin of just 0.1 percent. Net profit was NT$85 million ($2.88) while earnings per share stood at NT$0.10 ($0.003). While the numbers paint a glooming picture, HTC CEO Peter Chou described the quarter as pivotal for the company with its transition to a new flagship smartphone.
It was always going to be a difficult uphill battle against Samsung with its established array of Android hardware. Looking ahead at Q2, it's expected that a significant uptick off the back of the HTC One launch will be experienced. The company predicts second quarter revenues of NT$70 billion ($2.73 billion), a gross profit margin of between 22 and 24 percent, with an operating margin of 1 to 3 percent.
via: Android Central