Feeds

HTC Beats off loss, but shares slip after disappointing quarter

Mobe-maker squeaks in with sale of stake in headphone firm

Internet Security Threat Report 2014

HTC saw its shares slip 3.61 per cent in Taiwan as it narrowly avoided a quarterly loss, saved only by booking a profit from selling its stake in headphone brand Beats Electronics.

The Taiwanese smartphone maker reported a worse-than-expected net profit yesterday, of just $300m ($10m) compared to a net loss in the previous quarter of $99.9m and a profit of $34m in the same quarter last year. Analysts were hoping for a profit in the region of $24.3m, according to Thomson Reuters I/B/E/S.

The only reason the company was able to make even that much profit was down to a one-off profit of $85m from its sale of its stake in Beats Electronics. The sale is part of its cost-cutting campaign, adopted to try to wrestle some profits back into a firm that used to ride high in the smartphone market.

Despite the fact that critics and reviewers still rate its Android mobes quite highly, HTC has seen its portion of the mobile market chewed up by Apple and Samsung. As well as cutting costs in its factories and rejigging its executives, the company has attempted to get back in with the kids with an advertising campaign featuring Iron Man star Robert Downey Jr, but so far its moves are not showing results in the books. ®

Internet Security Threat Report 2014

More from The Register

next story
Oi, Tim Cook. Apple Watch. I DARE you to tell me, IN PERSON, that it's secure
State attorney demands Apple CEO bows the knee to him
Phones 4u website DIES as wounded mobe retailer struggles to stay above water
Founder blames 'ruthless network partners' for implosion
Will BlackBerry make a comeback with its SQUARE smartphones?
Plus PC PIMs from company formerly known as RIM
Apple's iPhone 6 first-day sales are MEANINGLESS, mutters analyst
Big weekend queues only represent fruity firm's supply
Hey, Mac fanbois. HGST wants you drooling over its HUGE desktop RACK
What vast digital media repository could possibly need 64 TERABYTES?
Soundbites: News in brief from the Wi-Fi audiophile files
DTS and Sonos sing out but not off the same hymnsheet
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
WIN a very cool portable ZX Spectrum
Win a one-off portable Spectrum built by legendary hardware hacker Ben Heck
The next step in data security
With recent increased privacy concerns and computers becoming more powerful, the chance of hackers being able to crack smaller-sized RSA keys increases.