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HTC posts $2.17billion revenue in Q2

August 5, 2014



Taiwanese technology firm HTC on Monday announced its second-quarter consolidated results for fiscal year 2014 ended June 30, 2014, showing a revenue of NT$65.1 billion ($2.17 billion).



Net profit for the period was at NT$2.3 billion, or NT$2.74 per share, while gross margin and operating margin stood at 22.2 and 3.7 per cent, respectively.







HTC's return to profitability has been driven by the sales momentum of its HTC One (M8), HTC One mini 2 and Desire 816 products worldwide.







In the United States, HTC One (M8) continues to impress the market with availability through all four major operators, while across Europe the HTC One mini 2 has extended the best-in-class HTC One (M8) experience in a more compact format. The HTC Desire franchise also experienced significant gains, led by the success of Desire 816.







For the third quarter, HTC expects revenue to be in the range of NT$42 billion to NT$47 billion, gross profit margin to be from 22.5 to 23 per cent and earnings per share to be between NT$0.05 to NT$0.69.







"As demonstrated by this quarter's results, we have continued to improve all aspects of our business, while building on the incredible excitement around our current line of products," said Peter Chou, chief executive officer of HTC. "This profitable quarter is a positive step that is the result of having focused on delivering the best possible smartphone to the world, in the HTC One (M8) and expanding our offerings with the HTC One mini 2 and our Desire line."







The HTC One (M8) and Desire 816 smartphones continued to dominate the market in Taiwan, and for the first time, HTC ranked No.1 in both unit share and value share.







Overall sales momentum was sound in China and India, as a result of a well-catered product portfolio to the very fast-growing market.







HTC's superior design and engineering capabilities continue to impress, with the HTC One (M8) and HTC Dot View case once again claiming the Gold Medal in Design and Innovation at the Computex d&i awards in June, organised by the Taiwan External Trade Development Council and International Forum Design.







alvin@khaleejtimes.com


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Source: Khaleej Times (United Arab Emirates)


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