HTC Reports Slim $19.7M Profit For Q3 2014 As Its Rebuilding Efforts Continue

TechCrunch

Things seem better for HTC these days, after the Taiwanese phone company eked out a slim $19.7 million (NT$0.6 billion) profit for the third quarter of 2014. That figure represents a drop on the previous quarter’s $75 million profit, but is a big improvement on October 2013, when it suffered a $102 million loss in its first negative quarter as a public company.

HTC’s revenue dipped in Q3 2014 though. The firm recorded $1.38 billion (NT$41.9 billion) in sales, down from $2.17 billion in the previous quarter. Despite the fluctuation, HTC says that its top-billed HTC One (M8) and mid-range Desire line-up spent the last three months “holding their own or expanding their markets despite stiff competition.” The company did not provide actual sales or shipment figures, however.

HTC certainly has plenty of irons in the fire right now after refocusing its strategy following successive quarters of declining revenue, which culminated in that net loss last year.

The One (M8)…

View original post 149 more words

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s