Jan 05 AT 11:11 AM Nick Gray 16 Comments

HTC returns to profitability in Q4 – barely


The numbers are in. HTC managed to close out Q4 with a net profit of $10.3 million. While lower than the projected profits of $24.3 million, we’re sure HTC’s executive team is breathing a sigh of relief that the company remained profitable in 2013. HTC’s bottom line in Q4 was helped by the sale of the company’s remaining share in Beat Audio, netting HTC an additional $85 million for the quarter. It’s hard to say how HTC will fare in the first quarter of 2014. The HTC M8 is expected to hit store shelves in late February or early March, but the full financial impact of the phone’s launch will probably not show up on the books until Q2.

Do you think HTC will be able to turn things around in 2014, or is the company destined to churn out stagnant profits for the foreseeable future?

Via: HTC Source

Source: Reuters

Nick is a tech enthusiast who has a soft spot for HTC and its devices. He started HTCsource.com (the first HTC blog) back in 2007 and later joined the Android and Me family in the summer of 2010.

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  • jamal adam

    It’s finally good to hear such news coming from HTC. I think that if they can improve on the One, and continue to inform customers on updates as well as providing said updates quickly then they’ll improve. Also I think it’s important that they start the marketing early on too.

    • Colin

      HTC fighting the inevitable downfall

  • Ian Abrahamson

    Will HTC Desire X get KitKat or not, ?

  • http://www.jdotreach.com Joshua Reach

    Good to hear! I hope HTC does good in 2014, and continues to grow. They seem to value good design more than other manufacturers, and make some beautiful devices. All they need to do is improve what they’ve started little by little. And maybe advertise a little more…

  • jerrbomb

    Its definitely great to HTC come back up.. Focusing on few devices.. And look the proof is in the pudding.. Slowly but surely…

    • redraider133

      Well they only were profitable because of the sale of HTC so this isn’t really a good sign. I hope they can turn it around, but even with the “device of the year” it doesn’t seem to be helping much. The more competition the better, so we never want to see one of the big OEM’s go away, especially not one of the “original” android OEM’s.

      • jerrbomb

        That would be sad to see them go of ever a thing was such the case..

  • Hom0ncruse

    final nail in the coffin for HTC

    • jerrbomb

      How so?

      • Guardianali

        Because the only reason they had a 10 million profit was due to the 80+ million selling beats audio. If they didnt, it wouldve been a 70 million loss. They dont have anything else left to sell. So next years quarters are going to be losses…and they dont have much cash left or many places to borrow anymore.

        They are looking at buyout if they want to survive or go bankrupt.

        • jerrbomb

          In a sense that’s true.. But a final nail.. Maybe.. HTC has been on a down hill slump lately.. For a While actually.. But even though I did say good for them.. You are right.. Unfortunately.. I hate to admit it.. And though the One was awesome.. They are playing catch up.. As much as I hate to seem sour about it.. After. Saying so many positive things.. They have a lot of catching up to do.. So even though it is a good thing that they are profiting.. It’s not a good thing that it was mainly off of beats.. Dang.. What a harsh reality for them..

          • Paul

            I was using smartphones before smartphones were cool. Nokia’s w/ Symbian and then HTC’s (re-branded AT&T and Sprint and whatever) running Windows Mobile. Was running custom ROM’s on those WinMo phones also, heh. So I cut my teeth on HTC, this was even before Blackberry and long before iPhone. To see HTC in such a dismal state is sad. But when they stopped offering removable batteries, no more MicroSD slots, no more keyboard models, etc. that’s when I felt they’d lost it. Rather than innovating, even the old HTC models kept trying new ideas and concepts, but to suddenly stop offering innovation. meh. Samsung blew them out of the water at that point. I truly hope they get creative like they once were and offer some radical new features and designs, we all win if any manufacturer does that.

  • Paul

    The HTC one is a solid phone, it’s really good. But there are a lot of other solid phones out there as well. If they really want to remain competitive, they’ll need to think more “outside the box” like Samsung is trying to do with the Note series and even that Mega phone. Honestly we need more innovation and new ideas rather than copying or improving on existing designs. I feel like we’ve become stagnant in innovation, everything is evolutionary and not revolutionary. It’d even be nice if HTC was the first to bring the Fingerprint scanner+home-button concept that the unnamed competition has in their flagship model. I’ve used that feature and it really is slick and I can’t wait for Android to gain a similar capability.

  • Robert

    HTC’s release of its One Max phone has also failed to halt a nine-quarter slide in sales as China’s Lenovo Group Ltd. (LNVGY) and Huawei Technologies Co. continue to gain market share. http://bit.ly/19N1wOm

  • jerry moresi

    Nick, what can an HTC one do that an I Phone can’t?

  • donger

    Go HTC!