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HTC profits on the rise in Q2 2014

July 7, 2014 11:56 am

HTC’s net profits for Q2 2014 reach EUR55.5 million, reveals its financial report.

After three disappointing quarters, things are looking up for the smartphones and tablets manufacturer. The EUR55.5m profit shows an 80 per cent increase from last year’s profit. Turnover, on the other hand, reached approximately EUR1.6 billion.

“In order to maximise the success of our critically acclaimed HTC One (M8), we have dramatically improved our operational efficiency and supply chain readiness to ensure immediate availability on the launch day. Looking ahead, we are excited about the many new opportunities to come from the rapid development of TD-LTE in China and LTE in Taiwan. We believe that we are on course for a strong 2014,” says Peter Chou, HTC’s CEO.

The HTC One (M8) was launched with all four major carriers in the US. The momentum was further supported by the launch of an exclusive bespoke HTC One (M8) Harman Kardon.

The results are encouraging and exceed investors’ expectations. The HTC One M8 is no stranger to the good news; however, this also proves that the restructuring plan initiated by the brand at the end of 2013 is beginning to bear fruit.