AfterDawn: News

HTC shows first profit in three quarters thanks to new One smartphone

After being wildly profitable amid strong smartphone sales in 2011 and even in 2012, Taiwanese smartphone maker HTC has fallen on some hard times of late, showing losses for the couple of quarters following a year of falling profits.

Thanks to the new One (M8) and some significant cost cutting, however, it appears the company has turned a corner, reporting a profitable Q2. The company had revenue of $2.17 billion and a small profit of $75 million. This compares favorably in revenue and profit year-over-year.



HTC has cut costs and increased marketing, and it seems the moves paid off with the One M8, which was well received by consumers and critics.

The company is also looking into wearables such as smartwatches, which could help growth into the future.

Source:
Reuters

Written by: Andre Yoskowitz @ 5 Jul 2014 19:30

• Previous article

• Microsoft, Canon sign patent licensing deal

• Next article

• Google bans pornography from its ad network

• 4 comments

• PraisesToAllah

  Good job to HTC for hanging on

  6.7.2014 17:28 #1

• Ripper

  Yep, glad to see it.
  

  
  

  8.7.2014 15:41 #2

• bodyman247

  my fav.
  
  

  12.7.2014 16:57 #3

• Jemborg

  Hard market.
  
  You have to run like heck just to stay in place.
  

  Its a lot easier being righteous than right.
  
  
  DSE VZ300-
  Zilog Z80 CPU, 32KB RAM (16K+16K cartridge), video processor 6847, 2KB video RAM, 16 colours (text mode), 5.25" FDD

  12.7.2014 23:50 #4