Earnings: HTC’s Profit Falls In Second Quarter Ahead Of New Smartphone Releases

HTC Hero Orange

HTC is gearing up for a busy second half when it will launch Microsoft’s latest phones, and roll out its next generation of Google (NSDQ: GOOG) Android device, called the HTC Hero, which comes with a special software design called Sense.

Maybe it is the Taiwanese handset-maker’s fast pace that led to the profits falling 1.9 percent in the second quarter compared to a year earlier, but HTC did not elaborate on why profits fell in its earnings release.

The WSJ reports HTC’s profit for the period ended June 30 was 6.49 billion New Taiwan dollars (US$197.4 million), or NT$8.15 a share, down from NT$6.62 billion, or NT$8.76 a share, a year earlier. But on a quarterly basis, the company saw profit increase 33 percent from the first quarter’s NT$4.87 billion. Revenue rose 10 percent from a year earlier to NT$38.2 billion and was up 21 percent from the first quarter. That was right on target, according to targets the company supplied in late April.

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