profits

HTC makes “Studio” design division under CEO

HTC doesn't look so hot at the moment, at least from a financial point of view. But that doesn't mean they're resting on their laurels. The Taiwanese manufacturer announced a new department, code-named "Studio", which will report directly to CEO Peter Chou. The Studio division (which probably isn't its final name) will be compromised of leading designers and engineers, with the purpose of overcoming some of the company's identified shortcomings in its 2011 devices.

HTC posts somber 2011 results, low predictions for 2012

The last half of 2011 wasn't kind to top-tier smartphone manufacturer HTC. After predicting a flat final quarter and negative growth for the first part of 2012, the company failed to meet even those lowered expectations. Now they've published their 2011 financial results in full, and to say the least, it doesn't look good. Year-over-year, the company dropped 2.5% in revenue even while making and selling more devices, with a negative growth of 52.55%. As one of the "Big Three" Android OEMs, this is disturbing news for HTC while Samsung continues to extend its lead worldwide.

Google’s fourth quarter: 250 million Android devices, 11 billion app downloads

If the reports that Apple was "catching up" with Android yesterday made anyone contemplative (and contemplate that it was a narrow focus on new smartphone buyers), Google's earnings call today should be enough to put any and all doubts to rest. Amid the regular pomp and circumstance of corporate back-patting, Google CEO Larry Page noted that over 250 million Android devices have been activated worldwide, with more than 11 billion (that's billion with a B) apps have been downloaded from the Android Market. That's a heck of a way to start off the new year.

Samsung up, HTC down in fourth quarter

Samsung is on top of the world right now, and standing on HTC's shoulders to the get there. In the last quarter of 2012, Sammy turned in a record profit of $4.5 billion dollars, a 75% increase over the same time period the previous year. By comparison, HTC's total income dropped by a whopping 26%. Both companies have more than just Android smartphones and tablets filling out their consumer electronics lineups, but the #1 and #2 Android manufacturers, it's a statistic worth knowing.

Logitech abandons Google TV after 100 million dollar loss

Ouch. No one could claim that Google TV's been a smashing success, but Logitech called a spade a spade at its Analyst and Investor Day. CEO Guerrino De Luca said that the company had lost over $100 million in operating profits between the Revue and the EMEA region. De Luca did not mention the total loss breakdown between the hardware and the region. Currently, the company has no immediate plans to create a replacement for the Revue, but left the possibility open for new hardware some time in the future. So what were the biggest made with Google TV? According to De Luca, the pricing is the biggest issue, with $300 being an unrealistic price point for large sales. (Ya think?) He went on to call the whole endeavor "a mistake of implementation of a gigantic nature," and the company does not intend to manufacture more Revue units after the current hardware is sold.
To make the long story short, we thought we had invented [sliced] bread and we just made them. [We made a commitment to] just build a lot because we expected everybody to line up for Christmas and buy these boxes [at] $300 [...] that was a big mistake.
The pricing issue seems obvious enough; after all, Apple TV isn't exactly a barn-burner either, and it's only $100. Roku only gained mainstream attention when its prices hit rock-bottom, and that product has a lot more focus that Google TV. Still, Google's got plenty of money and manpower to devote to Google TV if they wish, a fact attested to by the recent update to Honeycomb with Android apps in tow. With only one major manufacturer supporting it, the future of Google TV is looking pretty bleak - maybe a Nexus-style device (at a more appropriate price) could bring Google TV into sharper focus? [via AndroidGuys]

HTC ships 13.2 million devices in Q3, confirms two launches for November

Another day, another quarterly earnings report. Taiwanese smartphone specialist HTC is doing very well, with 13.2 million total device sales (not all Android, of course), $4.54 billion in total revenue, $625 million of which is profit. Riding the continuing surge in worldwide smartphone sales, HTC is up year-over-year in every major statistic, with shipped devices rising an impressive 93%.
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