HTC, which started losing money last October, has kept its promise to return to the black in Q2 this year according to unaudited figures revealed in a brief statement.
Unaudited quarterly revenue was NT$65.06 billion and net profit before tax was NT$2.76 billion. Operating profit was NT$2.43 billion, and net profit after tax was NT$2.26 billion
The company said in February that it planned to follow Samsung’s lead in making handsets across all price-points, stating that it had “missed a huge chunk of the mid-tier market.” Revealing further losses in April, the company said that it expected to return to profit in Q2 thanks to both new mid-range phones like the Desire 816 and its well-regarded flagship One M8 …
HTC didn’t have the best of times last year, with a number of senior departures, including its COO; a halving of market share since 2011; former UK execs setting up a rival company; and arrests of its lead designers amid conspiracy claims.
It is believed to be working on a new One M8 variant with even higher specs than the original which we loved for its hardware, though not the software.
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