Android and Me

HTC returns to profitability in Q4 – barely

9 months ago 17

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?