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HTC Records Profit through First Quarter

News by Luke Jones on Tuesday April 07, 2015.

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One M9
One M9

HTC has been turning around its financial outlook over the last year, a number of well-received smartphones and a change in strategy. The company has now reported an unaudited $11.6 million profit through the opening first quarter of this year. That's a big turnaround from the same time last year when the Taiwanese giant recorded a loss of $60 million.

Overall revenue also rose from $1.06 billion in 2014 to $1.3 billion through the first three months of 2015. However, revenue did slip quarter on quarter, but that was to be expected as Q1 is following the busy fourth quarter Holiday Season. The One M8 proved to be a consistent seller for HTC throughout 2014 and drove the company to a profit during the year as a whole.

The company will be hoping the newly launched One M9 will propel sales further. The new flagship comes with a 5-inch 1080p screen, a Qualcomm Snapdragon 810 processor, 3GB of RAM, a 20 megapixel snapper, and Android 5.0 Lollipop out of the box. HTC has also launched an HTC E9+, a device that carries the company?s first ever Quad HD screen, in this instance stretching 5.5-inches across the front panel.

HTC is expected to launch plenty of low end smartphones and mid-ranger devices through the year, but so far the company is focusing on the high end. Rumors of the One M9+ will not go away and HTC is holding a media event on April 8th. HTC also has the Butterfly 3 ready to launch, with that device reportedly set for a May announcement.

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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 degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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