Flagship One (M8) smartphone helps HTC return to profit

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Taiwanese manufacturer posts profit for its Q2 and meets its revenue forecast made at the end of the previous quarter

HTC has returned to profit, thanks largely to the release of its flagship one (M8) smartphone.

Announcing preliminary unaudited financial results for the quarter ending June 30, the manufacturer reported a net profit of NT$2.26 billion (£44.1 million).

This was up 80.8 per cent year-on-year and compared to a net loss of NT$1.88 billion (£36.7 million) made in the previous quarter.

HTC also met its revenue forecast for its second quarter, reporting a figure of NT$65.06 billion (£1.27 billion). This was doubled from Q1 but down eight per cent year-on-year.

At the end of last quarter, the company had forecasted revenue of between NT$65 billion (£1.27 billion and NT$70 billion (£1.37 billion).

HTC released its flagship One (M8) smartphone in March – the follow-up to last year’s One flagship release. In May, HTC CFO Chialin Chang claimed the latest release was outselling last year’s model.

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