HTC coming out of the doldrums: forecasts Q2 profit and doubling the revenue

HTC coming out of the doldrums: forecasts Q2 profit and doubling the revenue
HTC just issued its usual quarterly report forecast, and it seems to be coming out of the revenue and profit slumps that could be observed in recent quarters. The company predicts doubling its revenue now, and returning to profit in the current quarter that ends up in June.

Revenue in the second quarter is expected to fall a bit year-on-year, from 70.7 billion New Taiwan dollars, to between NT$65 billion (US$2.16 billion), and NT$70 billion. This means that the improvement compared to Q1 will be very be significant, though, more than doubling the puny NT$33.1 billion that HTC raked in the previous quarter. The gross margins are expected to scale back a bit from 23.2% a year earlier, to 21.3%-22.0% now, which can be expected, given the launch of new products like the flagship HTC One (M8).

It looks like HTC's turnaround strategy might be paying off. The company introduced new affordable entrants in the low- to mid-range realm, and doesn't have any supply issues with the One (M8), as it had last year with its predecessor. Moreover, Chairman Wang received a more active role in managing the daily operations of the company, and HTC is also prepping to outsource production for some of its handsets, which should further help lower costs. Given the rumors about an eventual top-shelf One (M8) Prime that is due in the fall, we are crossing fingers for HTC to overcome this period, and keep the competition on its toes, as we are all benefiting from stronger industry players, and more of them. 

source: WSJ (paywall)

Related phones

One (M8)
  • Display 5.0" 1080 x 1920 pixels
  • Camera 4 MP / 5 MP front
  • Processor Qualcomm Snapdragon 801, Quad-core, 2300 MHz
  • Storage 32 GB + microSDXC
  • Battery 2600 mAh(20h 3G talk time)

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34 Comments

1. PunyPoop

Posts: 752; Member since: Jan 18, 2013

Good for you HTC! :) One of my favorites!

2. Arte-8800

Posts: 4562; Member since: Mar 13, 2014

I love my HTC One Great good to know there out of the red Taters would not like this news

4. limporgyuk

Posts: 349; Member since: Nov 06, 2013

I think he was touched by an HTC when he was younger

14. PunyPoop

Posts: 752; Member since: Jan 18, 2013

LOL abused by the ONE!

17. amats69

Posts: 1527; Member since: Nov 12, 2012

Lol you made my day

3. papss unregistered

Glad to hear it.. I love my M8

5. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Glad to hear it...Keep it up, HTC! HTC haters and FriendsOfSamsung must be crying about this right now lol.

6. FriendsOfSamsung unregistered

Sales gonna tumble next month, so why bother ignorance boy

8. RaKithAPeiRiZ

Posts: 1488; Member since: Dec 29, 2011

atleast they wont hit production problems

9. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

LOL...you wish, acting smart is a stupid attitude and especially for a fanboy like you. I have few words for you: Ignorance is the bane of humanity.

13. Taters

Posts: 6474; Member since: Jan 28, 2013

Yes ignorance is the bane of humanity which means HTC fanboys are the bane if humanity.

21. papss unregistered

Are you seriously defending friendsofsamsung? You are worse than I thought

32. SleepingOz unregistered

At least he doesn't pretend to be using products he hates for trolling purposes, you know.. Like some WP fanboys here.

34. papss unregistered

Cute another idiot wanting attention. If you mean me I've already proven what phones I've had many times. Get a job bum

28. The-Sailor-Man

Posts: 1095; Member since: Mar 25, 2014

Here are not "HTC fanboys". Those are iboys "cleverly" fighting with the Enemy Samsung.

31. papss unregistered

You aren't very bright are you? None of the folks fighting in this are ifans..plus you don't have to be a fanboy to understand that HTC is good for the android ecosystem.. god help us all if it's left to SS... With the creation of terms like hyperglaze and elegant yet powerful.. lazy designs that from the front all look the same for three gens.. I could go on and on

20. Arte-8800

Posts: 4562; Member since: Mar 13, 2014

Why the hate on HTC. ... It still runs on Android... I love my Note3 Eyxnos

29. The-Sailor-Man

Posts: 1095; Member since: Mar 25, 2014

No hate on HTC. But they must stop pretending to be Apple and selling ALUMINUNUM POS "MAGIC", and start making smartphones again.. This conrtact that they made with Apple and using apple's propaganda will not help . It will , in fact, kill them. "I love my Note3 Eyxnos" LOL. You never give up, the old dumb tricks?

11. SleepingOz unregistered

Idk why would he be crying. Their numbers are no where near Samsung's and I also remember they said the same last year and they even lied about selling 5m M7 during the 1st month of its release.

16. xperiaDROID

Posts: 5629; Member since: Mar 08, 2013

Fanboys love to see other manufacturers go down, so why would they not be crying when they see this? Maybe I exaggerated it a bit, but we also can say that they will feel insecure and uncomfortable when they see a manufacturer that was going down but go up suddenly. Even if HTC lied before, that doesn't mean they're lying all the time. This doesn't sound like they're lying right?

19. Arte-8800

Posts: 4562; Member since: Mar 13, 2014

Lol that Friends Of Samsung has posted another BS post

7. AJagtiani

Posts: 466; Member since: Apr 24, 2014

Keep it up HTC!

10. KillerKeyboard

Posts: 372; Member since: Nov 21, 2013

Haulin' The Cash!

12. Taters

Posts: 6474; Member since: Jan 28, 2013

So they are resorting to using a Windows phone type declaration to prevent stock prices from falling now eh? Double of nothing is still nothing. Lol

18. amats69

Posts: 1527; Member since: Nov 12, 2012

Eat ur heart out mr taters.lol stop crying lol

15. amiroo3

Posts: 10; Member since: Mar 12, 2014

how we can expect other than this.. with great m8 - mini m8 soon with big deal like desire 816 and next m8 max and next nexus tablet.. i think htc merit to back in top andoid place with best gadgets.

22. AfterShock

Posts: 4146; Member since: Nov 02, 2012

Way to go HTC! Hope you make a killing this year and continue the trend onward.

23. kanagadeepan

Posts: 1190; Member since: Jan 24, 2012

Even though I don't like HTC phones, I am very happy after seeing this news... Competition is good for every one of us here...

24. limporgyuk

Posts: 349; Member since: Nov 06, 2013

well said

27. jroc74

Posts: 6023; Member since: Dec 30, 2010

Same here. I dont like Samsung phones either. I'm a Moto fan.... But I dont root against Samsung or HTC. I only root against Apple...lol. WP....thats a lil more complicated...because I can see myself using WP if I ever got tired of Android or Android just disappeared one day. I dont want to see WP kill off Android, but I dont wanna see WP fail. Same for BB. I wouldnt mind seeing an equal split with Android, WP and BB... iPhone....it can just go away somewhere, go under a rock...

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