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HTC One M8 turns a profit for the company


News by Luke Jones on Thursday July 03, 2014.

htc htc one m8 · htc news · android news · smartphone news · luke jones

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HTC One M8 profit
HTC One M8 profit

HTC has turned a profit last quarter after a string of losses hit the company, and it is all thanks to the One M8 flagship. The Taiwanese company has fallen on hard times in recent years as it failed to match flagship devices from Samsung and beyond. Of course, last year's HTC One M7 changed that with its top specs and dazzling design, and the new One M8 has followed that with equally gorgeous build quality and blazing performance.

Just like the M7, the new M8 is also pointing the company in the right direction again, although HTC will hope that the handset has staying power. After losing money for the last three quarters, HTC promised that this period would be different and profits would be made from the launch of the One M8. The company was correct too as it was in the black to the tune of $92 million during the last quarter and took total revenue of $2.2 billion.

The driving force behind that new success is the HTC One M8, a flagship device that has sold well since launching three months ago and is considered one of the best smartphones on the market. The One M8 has been such a success that HTC has created a line of handsets from it, including the plastic bodied One M8 Ace and the One Mini 2. There are also other M8 variants said to be in the works, including a super phone version and a phablet version.

HTC is eager to avoid the problem it suffered with the One M7 last year. That flagship got off to a fantastic start in its first quarter on release and pushed the company to profit, but it waned in later periods and HTC slipped back into the red. It was a shame because the M7 deserved to be a best-selling hit, as does the M8. HTC will certainly be hoping its latest flagship has some selling power beyond its first quarter.

source: Engadget

 
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Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at Glamorgan University before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news.

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