HTC’s year-over-year profits put 2014 to shame
This morning, HTC released final number for the first quarter of the year. Revenue for the quarter hit NT$41.5 billion ($1.36 billion USD) while net profits after tax came in at NT$0.36 billion ($11 million USD). While the numbers are lower than what HTC managed to pull in during the last quarter of 2014, the first quarter of the year has always been the slowest for HTC due to its flagship handset life cycle.
HTC’s earning look a lot more favorable when compared to the first quarter of 2014. Year-over-year, HTC managed to increase revenue by 25%. And while $11 million in profits isn’t much of an impressive feature, it’s significantly better than the $62 million loss that the company reported for Q1 of 2014.
With the HTC One M9 available in most markets across the globe, HTC is projecting revenues of NT$46 billion to NT$51 billion with gross profit margins ranging from 23% to 23.5% for the second quarter of the year. The projections are higher than what HTC posted for the first quarter, but they are significantly lower than the NT$65.06 billion posted in the second quarter of 2014.