HTC turns a modest profit of $11 million in Q1 2015
HTC’s numbers will never look as gaudy as Samsung and LG’s considering they don’t have their hands dipped in nearly the same amount of industries, but the company did do quite well for themselves in Q1 2015.
Revenue for Q1 2015 came in at about $1.36 billion (25% increase year-on-year), $11 million of which has been marked as profit. That’s not amazing for a company that does business on a global scale, though considering HTC was losing tens of millions of dollars in previous years we’d say they’ve rebounded quite well.
Like Samsung, these results reflect a time just before the company’s latest flagship smartphone was released. The HTC One M9 hadn’t seen a global launch until early April, so their Q2 numbers stand to look far better. We’ve also got the HTC One M9+ and HTC One E9 on tap for several markets, as well as a number of mid-range options on the horizon.
Needless to say HTC has positioned themselves quite well to have a strong first half, though we’ll have to wait another couple of months to see if HTC One M9 can help fully restore them to the former glory they once enjoyed.
[via HTC]