Samsung has better-than-expected third quarter, HTC records first quarterly loss

Samsung has better-than-expected third quarter, HTC records first quarterly lossNow that we’ve said Goodbye September and Hello October, it’s almost time to start poring over the latest batch of quarterly results.

We’re getting a look at some preliminary results for Samsung and HTC, and while the former exceeded analyst expectations, HTC performed just as poorly as expected, notching up its first-ever quarterly loss. Oh dear.

According to Bloomberg-based murmurings, Samsung Electronics recorded operating profits of around 10.1 trillion won in Q3, a rise from 8.06 trillion won in the same period last year.

The rise is attributed to the stellar performance of Samsung Mobile, and in particular the continued rollout of affordable devices in emerging countries. Supposedly, the Samsung Galaxy S4 mini and Galaxy S3 combined outsold the iPhone 5 and Samsung Galaxy S4 in the Middle East.

In total, we’re told Samsung shipped a whopping 85 million smartphone units in Q3, up from 75 million in Q2. Inevitably, with those figures, it’ll hold onto its position as world’s top mobile manufacturer.

Meanwhile, HTC posted a net loss of around $101 million, losing half its market share in the process, with quarterly revenue now on a two-year decline. The HTC One was largely heralded as the sexiest phone of all time, so you kinda have to wonder what they can do to turn things around. Hey, maybe Robert Downey Jr will save the day.

Add a comment

You don't need an account to comment. Just enter your email address. We'll keep it private.