Thanks to cost-cutting measures and device sales in developing markets, HTC has turned a profit in Q2, netting NT$2.26 billion ($75.6 million). That’s an 80 percent increase from last year’s Q2, and a notable improvement over the company’s losses of NT$1.88 the previous quarter.
Despite the improvement, it’s not all sunshine and roses for HTC quite yet. The company barely met its guidance for the quarter, and Goldman Sachs research predicts Q2 could be the company’s peak quarter. Obviously, that doesn’t bode well for the rest of the year.
HTC is still betting on the HTC One (M8) to help maintain profitability, but has also shown a firm commitment to low-end handsets for countries such as China and India.
Hopefully that strategy keeps HTC afloat in the end, but if not, perhaps the rumored Volantis could be a shot in the arm.