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HTC Posts First Profit in 3 Years, Mid-Range Models to Thank

If HTC’s latest financials are any indication, the company may no longer be in dire straits. The Taiwan-based OEM posted its first quarterly revenue growth in more than three years, an increase in sales to $47.9 billion ($1.5 billion) from $42.9 billion a year ago. HTC also beat analysts’ predictions of an operating loss, instead posting a profit of NT$180 million and net income of NT$470 million. 

The company owes much of its recent success to its mid-range Desire series, which has performed well overseas. Despite fierce competition, HTC has managed to carve a niche for itself in developing markets, especially China and India.

Not all the numbers are bright and cheery – HTC’s full-year revenue declined – but they could be a sign of turnaround for the beleaguered company.

Via: Bloomberg

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