HTC Posts Better Numbers for Q2, Still Has a Ways to Go

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HTC LogoHTC is still licking its wounds after a rough first quarter and the departure of several executives, but at least things are moving in an upward direction for the company now. Though the number isn’t staggering, HTC manage to post a vast improvement in earnings over its first quarter by pulling in $41.6 million in profits for Q2.

The first quarter of this year saw HTC accrue a painfully low total of only $2.8 million in profits, so its Q2 totals are definitely a welcome improvement. That said, investors were expecting Q2 profit totals to reach somewhere around $65 million, of which the actual total obviously fell substantially short.

HTC’s total revenue hit $2.4 billion for the quarter, likely helped by the fact that the One was finally being produced in mass numbers after all of the delays and production issues earlier this year. While this is obviously better than the numbers the company saw last quarter, it is still far from being out of the woods just yet, given that the $2.4 billion total is still a 20% decrease year-on-year for the same quarter. Now that the company’s issues with the One and the failed First handset are both behind them, it can look forward to bigger and better things, including the One Mini, which could help continue to drive the company in a positive direction.

Source: Engadget



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