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HTC forecasts Q2 profit as revenue seen doubling

Published May 6th, 2014 7:40AM EDT
HTC Earnings Forecast Q2 2014
Image: Zach Epstein, BGR

HTC still hasn’t shared any firm numbers that might reveal how well its new flagship HTC One (M8) is faring against stiff competition from Samsung and Apple, but figures released in the vendor’s second-quarter forecast suggest that the handset has been well-received by consumers.

The Taiwan-based smartphone maker on Tuesday said that it expects to return to profit in the second quarter this year, thanks in large part to strong sales of its new M8. HTC again noted that the phone is selling faster than its predecessor, as HTC America president Jason Mackenzie confirmed last month during an exclusive interview with BGR.

HTC sees second-quarter revenue coming in at between NT$65 billion ($2.2 billion) and NT$70 billion, more than twice the NT$33 billion in sales the firm recorded during the March quarter. Even the top end of that range would mark a continued on-year decline, however — HTC’s revenue totaled NT$71 billion in the second quarter last year.

The Wall Street Journal also noted that HTC has begun utilizing the services of contract smartphone manufacturers for the first time in an effort to cut costs. These new manufacturing partners will help produce the company’s low-end and mid-range handsets.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.