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Tuesday, May 7, 2013
HTC Is Coming Back
HTC hasn't had the best of times in the market over the past year and a half, losing huge chunks of its market share and seeing revenues contract rapidly. However, the April numbers show that the company may finally be starting to see the light at the end of the tunnel.
Boosted by the launch of the One flagship, HTC revenues rose 23% in March and reached NT$19.6 billion ($657 million). However, such was the scale of the HTC recent troubles that even after such significant jump the company's earnings are 36.9% lower than they were in the same month of last year. Still the decline was 48.6% last month, so things are at least moving in the right direction.
Besides, HTC's CEO Peter Chou expects to see even better performance in May in June, as the supply shortages for the One loosen up. The total revenues for Q2 are estimated to reach $2.4 billion, meaning that sales should increase by a further 50% over the next couple of months.