HTC publishes Q1 2013 financial results, has optimism for Q2 and beyond

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

Rich Edmonds
Senior Editor, PC Build

Rich Edmonds was formerly a Senior Editor of PC hardware at Windows Central, covering everything related to PC components and NAS. He's been involved in technology for more than a decade and knows a thing or two about the magic inside a PC chassis. You can follow him on Twitter at @RichEdmonds.