HTC sees first sales, revenue growth in years

HTC sees first sales, revenue growth in years
Former smartphone heavyweight HTC has announced their first quarterly revenue growth since late 2011 thanks to stronger than expected mid-range phone sales.

For the Q4, sales grew to NT$47.9 billion ($1.5 billion), up from NT$42.9 billion ($1.34 billion) year-over-year (YoY).



In addition, the company had net income of NT$470 million ($14.7 million), much higher than the expected NT$210 million.

Overall, the company still had a full-year revenue decline, for the third year in a row, but HTC seems to be settling in with a new strategy of mid-range devices to compliment their higher end offerings like the M8, which is critical lauded but has to compete directly with the iPhone.

Source:
BBG


Written by: Andre Yoskowitz @ 6 Jan 2015 21:43
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HTC Revenue
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