Reuters: Technology News: HTC expects second-quarter revenue to jump 63.6 percent

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HTC expects second-quarter revenue to jump 63.6 percent May 2nd 2013, 07:05 Tweet Share this Email Print Related News Samsung Electronics profit jumps ahead of Galaxy S4 debut Fri, Apr 26 2013 Amazon growth slows, while profit margins expand Thu, Apr 25 2013 Synaptics forecasts upbeat quarter on Samsung Galaxy S4 win Thu, Apr 25 2013 Qualcomm's earnings outlook points to competition in Asia Wed, Apr 24 2013 Apple unlocks more cash for investors as profit slides Wed, Apr 24 2013 Analysis & Opinion Samsung Galaxy S4 lands on Bangalore, hundreds get in line Amid yen weakness, some Asian winners A salesperson shows an HTC Sensation XL smartphone in a mobile phone shop in Taipei April 8, 2013. Credit: Reuters/Pichi Chuang TAIPEI | Thu May 2, 2013 3:05am EDT TAIPEI (Reuters) - Taiwanese smartphone maker HTC Corp expects revenue to jump 63.6 percent in the second quarter compared to the previous three months, in line with analysts forecast, boosted by strong demand for its latest flagship model, the HTC One. HTC, struggling to compete against dominant smartphone makers Samsung Electronics Co Ltd and Apple Inc, said on Thursday it expects second-quarter revenues of T$70 billion ($2.37 billion). That compares to the T$69.9 billion average revenue forecast by 21 analysts polled by Thomson Reuters I/B/E/S. In the first quarter, HTC's revenues were T$42.79 billion. HTC reported a record-low first quarter net profit of T$85 million after it delayed the full launch of the HTC One to April, which meant it debuted against Samsung's newest Galaxy model. The company expects first-quarter gross margins of 22 to 24 percent, compared to 20.3 percent in the prior quarter and an operating margin of 1 to 3 percent, higher than the previous quarter's 0.1 percent. HTC did not elaborate in its statement but will give a briefing at 0700 GMT (3 a.m. ET). ($1 = 29.5360 Taiwan dollars) (Reporting by Clare Jim; Editing by Miral Fahmy) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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