Click to Skip Ad
Closing in...

HTC manages $21 million Q3 profit, but revenue continues to slide

Published Oct 3rd, 2014 7:45AM EDT
HTC Earnings Q3 2014
Image: Zach Epstein, BGR

If you buy through a BGR link, we may earn an affiliate commission, helping support our expert product labs.

HTC on Friday announced unaudited financial results that showed an 8% decline in revenue in September, but the company still managed to eke a third-quarter profit as cost-cutting measures continue to boost HTC’s bottom line. After a massive 33% on-year revenue decline in July was reversed with solid 10% sales growth in August, September saw HTC swing back to a decline as revenue fell to NT$16.7 billion ($549 million USD) from NT$18.2 billion in the same quarter last year.

HTC’s total third-quarter revenue fell 11% on year to NT$41.9 billion.

On a somewhat brighter note, the Taiwan-based smartphone vendor managed an NT$640 million ($21 million USD) unaudited profit in the third quarter, though continued cost-cutting measures were largely to thank as opposed to sales, which continued to slide in Q3.

HTC is hosting a press conference next week in New York City, at which at least one new device is expected to be unveiled. A recent leak suggests that the company has plans to reveal a high-end phablet with a large 2K resolution display and cutting-edge specs.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.