HTC makes small Q4 profit but revenues continue to slide

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Manufacturer returns to quarterly profitability but predicts revenue will fall further by up to NT$9 billion in Q2

HTC has reported a net profit of NT$310 million (£6.23 million) in Q4 2013 but saw revenues slide sequentially by more than NT$4 billion (£80.4 million).

The profit compared to the NT$3 billion (£60.3 million) loss the manufacturer made in Q3 2013, which was the first time HTC had recorded a quarterly loss.

Revenues for Q4 were NT$42.9 billion (£862 million), down NT$4.1 billion (£82.4 million) from the previous three month period.

Gross margin was 17.8 per cent compared to 20.4 per cent in Q3.

HTC is predicting revenue will fall further in this quarter to between NT$34 billion (£683.4 million) and NT$36 billion (£723.6 million), with gross margin expected to be 21.75 per cent.

During the quarter, the manufacturer signed a partnership with China Mobile and launched its One Max smartphone as the first TD-LTE device in the country.

It also added to its mid-range portfolio with the introduction of devices including the Desire 700 dual-SIM, Desire 601 and Desire 500 across EMEA. It also launched a 4G edition of the One and Butterfly smartphones in Taiwan, as well as a gold edition of the former.

HTC is expected to unveil the latest additions to its One smartphone range at Mobile World Congress in Barcelona later this month.

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