Editor in Chief
- Dec 30, 2010
- Reaction score
- Austin, TX
It hasn't been a dramatic turn around, but at least it appears that HTC is back on track to a real recovery. They just posted their Q3 earnings, and although they only eked out a tiny profit which was smaller than last quarter, it's still great news for them in the cutthroat Android world. It also means they are still moving forward and have come a long way from their precipitous fall.
Here's a quote with some of those financial details,
Revenue for the quarter came in at NT$41.9 billion ($1.38 billion), resulting in a net profit after tax of NT$0.6 billion ($20 million). HTC’s operating margin was relatively low, at just 0.4 percent, but the company has managed to stay out of the red this time around.
Although profits may be slim, HTC looks to be in a much better place that it was the same time last year. In Q3 2013 the company posted an operating loss of NT$3.5 billion, despite collecting revenues worth NT$47 billion.
As you can see from the graph in the image above, HTC did worse this quarter than last quarter, but the fact that they are still in the positive is a "positive" sign. Apparently sales of their Desire line of phones has been going well. In Europe and the US the Desire 610 and 510 have had solid sales, and the Desire 816 did well in Taiwan, China, India and the Middle East.
It will be interesting to see what kind of sales bump they get the next time they release a new flagship One product.