HTC’s Q2 profit plummets 83% despite HTC One debut

The flagship HTC One is easily one of the most impressive smartphones the world has ever seen, but it wasn’t enough to help HTC start on a path to recovery. The struggling smartphone vendor on Friday released earnings estimates for the second quarter that missed analysts’ consensus by a wide margin. HTC’s unaudited results show a profit that plummeted 83% to approximately $ 41.6 million last quarter, while revenue fell 22% to $ 2.4 billion. Analysts were looking for a $ 66.6 million profit for the second quarter. The results are an improvement over the worst-ever earnings HTC reported in the first quarter this year, but the launch of the HTC One did not have as munch of an impact as analysts were

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