HTC's Q1 shows progress: Can HTC One M9 keep momentum?
HTC's first quarter shares hit the lower end of its projections, but the company reported an operating profit that shows stabilization.
The smartphone maker, which is now launching its HTC One M9 device, is in a tough battle with Samsung, which is launching its Galaxy S6 this month. The two will duke it out for the leading Android phone.
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However, most reviewers expect the Galaxy S6 to allow Samsung to extend its lead over HTC. Both companies are trying to stop Apple's iPhone 6 momentum.
As for the results, HTC reported first quarter revenue of NT$41.52 billion, or about $1.34 billion, with an operating profit of NT$20 million. Net income was NT$360 million For the first quarter a year ago, HTC reported a net loss of NT$1.88 billion
HTC's first quarter sales were carried by March results, which were boosted by the HTC One, which began selling earlier in local markets. Here's a look at the HTC One M9, which basically will be a boon or a bomb for the quarters ahead.