Following what can only be described as a disastrous two (or so) years financially for HTC, with declining sales, turning to declining profits to operating losses. While it’s not yet the pot of gold that they’re looking for, HTC have posted their latest earnings report which detailed around a US$1bn turnover and an operating loss of roughly US$64 million.
Yeah, that’s pretty gloomy still but it’s certainly better than over US$100 Million operating losses which they suffered last year and their sales figures are on the up, likely a by-product of the release of the HTC One (M8). Their forecast for Q2 of 2014 paints a much rosier picture with expected profit for the first time in over two years and hopefully continuing that positive trend as the year continues.
Is the One (M8) the shot in the arm that HTC needed to get their sales and declining profits back on track?