HTC Q2 Revenue Down 22% - Twice

HTC Q2 Revenue Down 22%

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Taoyuan, Taiwan — HTC reported declining results in its fiscal second-quarter financial when stacked up against the prior-year period. 

The handset maker said total revenues reached NT$70.7 billion for the second quarter of 2013. This compares with NT42.8 billion in the first quarter but is down from NT$91 billion the prior-year period.

Operating income was NT$1.05 billion, down from NT$8.2 billion in the second quarter of 2012.

Net income before tax was NT$1.52 billion vs. 2012’s NT$8.2 billion, and net income after tax was NT$1.25 billion vs. NT$7.4 billion.

HTC said goodbye to its COO Matthew Costello last month after a series of declining results.

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