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HTC rakes in minor profits in Q4 2013, plans to bring more midrange phones to the market


The HTC One was one of the better HTC smartphones to come from the company’s sheds, but that sadly didn’t translate into sales. The company’s Q4 2013 financial results are now out revealing a better than average profits, but very poor overall earnings (operating loss).

The company made NT$42.9 billion in earnings last quarter (NT$17.1 billion less compared to the same period in 2012). Profits were a meager NT$310 million, which isn’t a lot by the company standards. So it’s quite clear that the company’s poor run hasn’t ended just yet.

The Taiwanese manufacturer has expressed interest in launching more midrange smartphones in the coming days in the $150$300 price range, so expect more budget range HTC devices in the future. The company is expected to unveil the HTC M8 or the HTC One Plus in New York City next month, with a twin camera layout and a 5 inch 1080p display. Even though the smartphone is not going to be specs heavy, the company will hope to appeal to HTC loyalists who are rapidly shrinking in numbers.

Source: Reuters

Via: Android Central

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