Here is the latest report that Taiwanese mobile manufacture HTC announced their earning report of Q2 today. The company mentioned that they have the revenue of $3.04 Billion and profits of $247.7 million.
In an investor conference today, HTC’s CFO Chialin Chang said “China will continue to see growth in the third quarter, while other markets will have different degrees of decline,”
“Europe, Middle East, and Africa will face challenges because of macro softness and competition.”
According to few sources like The Next Web, HTC claimed that their revenue in Q3 would come in between $2.34 billion and $2.7 billion (NT$70 billion and NT$80 billion), which would represent a 22 percent drop at the low end of that range. At the risk of stating the obvious here: that’s not good.
But there is a bad news for HTC that their revenue wouldn’t grow in Q3 except China. It shows that their position in China is still very well.
According to Reuters, HTC on Friday also said it expects a gross margin and an operating margin of around 25 percent and 7 percent, respectively, in the third quarter, falling from 27 percent and 9 percent in the second quarter. Chang said the lower gross margin is due to falling product prices and a change in product mixes in different markets.