HTC Continues Quarterly Profit Streak

 

The last couple of years haven’t been good to HTC’s financial position. Despite the fact that HTC released smartphones like the One M7, which received a lot of praise as well as attention from customers in the market, still that was not enough to pull the company out of red. In recent quarters the company has rebounded and it continues this streak with a fourth consecutive quarterly profit, even if its nominal.

HTC’s rebound has been aided by Samsung’s weakening position in the market. Samsung’s profits have dropped and while it struggles to get things back on track, other companies take advantage of the situation.

The company has also been helped by the performance, or lack thereof, by other rivals like Sony which continue to post losses. Their loss is HTC’s gain, it seems.

For the three months ended December 31st, 2014 HTC earning $1.5 billion in revenue and posted a net profit of $15 million, which boils down to two cents per share.

HTC expects to pull through the current quarter as well with a slight change in results. It predicts revenues of $1.31 billion to $1.42 billion and expects to post a narrow profit of one penny or lower per share.

To improve its fortunes HTC has tried its hand at different things. It launched an action camera last year and further expanded its handset lineup.

Next month HTC is among the few OEMs that will show off their latest flagship devices at the Mobile World Congress 2015 in Barcelona.

Adnan Farooqui
Categories: Cellphones
Tags: HTC