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Samsung and HTC both rebounded in Q1 with surprisingly strong earnings

Samsung Earnings Q1 2015

Sales of Apple’s iPhone 6 and iPhone 6 Plus are thought to have remained incredibly strong during the first calendar quarter of 2015, but that seemingly wasn’t enough to hold Samsung and HTC back from showing some serious signs of life. Both Android phone makers posted their unaudited first-quarter results early Tuesday morning, and both companies impressed investors with better-than-expected numbers.

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Samsung announced unaudited first-quarter profit that fell to $5.4 billion, down 31% from the year-ago quarter. The company’s revenue also slid from Q1 2014 to $43.1 billion in the first quarter this year, down about 12%.

Those are both good things, however.

Considering how steeply Samsung’s profits have declined in recent quarters (profit has slid by as much as 60%), the company’s Q1 2015 performance is seen as hugely promising. And it doesn’t even reflect the full impact of the Galaxy S6 and Galaxy S6 edge, channel sales of which likely only caught the tail end of the quarter.

Meanwhile, HTC swung to a surprise profit, managing unaudited earnings of $11.6 million in the first quarter. Sales came in at $1.34 billion, up from just over $1 billion in the same quarter last year.

Zach Epstein

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.