HTC Market Share: Taiwanese Manufacturer Posts Best Quarter Earnings Since 2011
HTC has not been doing pretty well in the mobile industry in recent years, bowing down to other Android phone makers such as Samsung, LG and even Chinese brands like Huawei and Xiaomi.
However, it seems the Taiwanese manufacturer's shift to the midrange market has worked wonders in terms of its performance in sales.
According to a report by Phone Arena, during the first quarter of this year, HTC reported a huge increase in its profit, posting revenue of 1.36 billion USD. That figure is a 25 percent increase year over year.
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In the report, HTC also posted net profit of $11.8 million USD or 1.4 cents a share.
The increase in sales for the Taiwan-based manufacturer is attributed to last year's extensive Desire lineup.
For the current quarter that ends in June, the manufacturer reportedly expects 1.5 billion USD in revenue. The launch of the One M9, as well as the upcoming One M9+ would trigger another wave of profit for the Android phone maker.
In a statement by Cher Wang, HTC Chairwoman and CEO, the company executive commended the manufacturer's focus in improving design in technology "for the mobile lifestyle."
Just as HTC pioneered the smartphone market, it is vital that we drive the connected lifestyle through our pursuit of brilliance and by engaging strategic partners to bring the best and most innovative products to market", said Wang in an official statement.
