Feeds

HTC Beats off loss, but shares slip after disappointing quarter

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

Reducing security risks from open source software

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. ®

Securing Web Applications Made Simple and Scalable

More from The Register

next story
Child diagnosed as allergic to iPad
Apple's fondleslab is the tablet dermatitis sufferers won't want to take
Microsoft takes on Chromebook with low-cost Windows laptops
Redmond's chief salesman: We're taking 'hard' decisions
For Lenovo US, 8-inch Windows tablets are DEAD – long live 8-inch Windows tablets
Reports it's killing off smaller slabs are greatly exaggerated
Seventh-gen SPARC silicon will accelerate Oracle databases
Uncle Larry's mutually-optimised stack to become clearer in August
EU dons gloves, pokes Google's deals with Android mobe makers
El Reg cops a squint at investigatory letters
Big Blue Apple: IBM to sell iPads, iPhones to enterprises
iOS/2 gear loaded with apps for big biz ... uh oh BlackBerry
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.