HTC One (M8) sales helped get the company back in black
It's been several years now since HTC was on top of the world as the most active player in the Android space. During that time, it seemed HTC had a license to print money as each quarter yielded a bigger profit than the last. But the good times came to an end when Samsung rose to prominence in the Android space, and more often than not, HTC posts a loss these day. Not last quarter though. HTC is once again profitable and it has its One (M8) handset to thank for that.
HTC collected NT$65.06 billion (around US$2 billion) in revenue for its fiscal 2014 second quarter ended June 30, 2014. After paying the bills, HTC was left with a net profit after tax of NT$2.26 billion (around US$75.6 million), the company announced today (PDF). That's an 80 percent bump from the same quarter in 2013.
Those figures are still far behind the likes of Samsung and Apple, though HTC has to be happy with getting out of the red. The company was banking on its One (M8) handset to deliver solid financial results, which it did, even if only temporarily. HTC has little room for error, however, and must continue to launch smartphones that rival flagship handsets from its competitors.