HTC today reported its unaudited financial figures for February, and they don’t make for pleasant reading for fans of the Taiwanese company. Revenue continued to tank, dropping a massive 36.45 percent from the same period last year to NT$7.22 billion ($238.4 million).
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According to a new report from IDC and App Annie, Android managed to quadruple revenue generated from games in Q4 2013, while iOS doubled its numbers from the same period in 2012. Google Play games reportedly made as much as handheld consoles such as the Nintendo 3DS, PlayStation Vita etc.
Google stock has risen 13% today, surpassing $1,000 for the first time ever. It comes a day after the search giant announced its earnings for last quarter, which beat Wall Street expectations thanks to a surge in mobile and video advertising that helped increase quarterly revenue by 23%.
Google Play has made up a lot of ground on the App Store over the past couple months in terms of downloads and revenue, but the latest mobile marketplace report shows that Apple is still king of the castle when it comes to revenue.
The Sony Xperia Z may be struggling to compete with the Galaxy S4 in many markets, but in Japan, it’s a big seller, and its popularity has helped Sony’s smartphone sales grow. The Japanese company today revealed its fiscal Q1 2013 earnings, which include 9.6 million smartphone shipments — up from 7.4 million in Q1 2012.
Despite currently offering what is arguably the best Android handset ever produced, things are going from bad to worse for HTC. The Taiwanese company’s profits have been heading the wrong way for a number of years, and in Q3, it expects to see its first operating loss since going public in 2002.
HTC has today announced its unaudited financial results for the second quarter of 2013, and despite help from the widely-praised HTC One, they do not look good. The Taiwanese firm made just NT$1.25 billion ($41 million) after tax from NT$70.7 billion ($2.35 billion) revenue, which is a staggering 83% fall from the same quarter last year.
Google’s YouTube apps for Android and iOS have helped the company triple advertising sales on mobile in the past six months, the company has said. Mobile ads now contribute an estimated $350 million to YouTube’s revenue, with around a quarter of the site’s 1 billion users accessing videos on smartphones and tablets.
The HTC One has been incredibly well received since it launched last month, but the handset was just too late to have a positive impact on HTC’s profits during the first quarter. The Taiwanese company made just $2.8 million in profit during the three-month period, which is a 98% drop from the $152 million it saw a year ago.
Samsung has today announced its estimated earnings for Q1 2013, and it looks like the Korean electronics giant is set for another record quarter, exceeding Wall Street expectations. The company has forecast a 53% rise in profit to 8.7 trillion won ($7.7 billion) for the three-month period between January and March, driven by smartphone sales.