HTC” announces its financial results for the fourth quarter of 2013




HTC” announces its financial results for the fourth quarter of 2013

A company “HTC” (HTC) on Sunday announced its financial results for the fourth quarter of the previous year of 2013, which was worse than expected, in spite of strict cost-cutting policy pursued by the Taiwanese company during the last period.

Where he was declared “HTC” net profit equivalent to 10 million U.S. dollars, compared with a net loss of $ 99 million dollars during the previous quarter and earnings of nearly $ 34 million during the same period of 2012.

Referred to the company’s profit expectations for the period since the beginning of October / October until the end of December / December 2013, was approximately $ 24.3 million, according to the agency, “Thomson Reuters” (Thomson Reuters).

And highlighted the figures revealed by the Taiwanese company for the speed of the accumulation of problems that have plagued and its impact on the performance of the company, which was two years ago, made one out of every ten smartphones sold around the world, which has lost nearly three-quarters of its market value during that period, where she has now worth an estimated b only $ 4 billion.

Despite the strong performance, which came by phone “HTC One” (HTC One) of the company, the share of “HTC” in the smartphone market globally to a record 2.2% during the third quarter of 2013 after it was Acquires approximately 10.3% during the same period of 2011, according to research firm “Gartner”.

It should be noted that a year ago exactly had been published newspaper “The Wall Street Journal,” a story which quoted the CEO and co-founder for “HTC”, Peter Chou said he expected to be in 2013 a better year for the company, after it exceeded the company’s “worst” , as described, but the results announced by the company today came to the contrary.
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