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HTC Posts Q1 Loss But “On Course For Strong 2014”

by Todd Haselton | May 6, 2014May 6, 2014 8:00 am PST

HTC One M8-Google Play Edition-Silver-3

HTC posted its first quarter 2014 earnings on Tuesday, noting revenue of NT$33.1 billion for the quarter but a net loss of NT$1.88 billion. That figure is also down from the first quarter of last year when HTC was still reporting profits. In the year-ago quarter, HTC reported revenue of NT$42.8 billion and profits of NT$85 million. HTC said it expects its Q2 revenue to fall between NT$65 billion and NT$70 billion.

As we already know from a quick talk with HTC’s U.S. president Jason ┬áMackenzie, sales of the HTC One (M8) are off to a good start. Mackenzie told TechnoBuffalo that, during the last several weeks, the One (M8) has been selling quicker than last year’s One (M7) model. The company also said that demand for the new Desire 816 and the One (M8) are strong in China, the world’s largest smartphone market.

“In order to maximize the success of our critically acclaimed HTC One (M8), we have dramatically improved our operational efficiency and supply chain readiness to ensure immediate availability on the launch day,” HTC CEO Peter Chou said. “Looking ahead, we are excited about the many new opportunities from the rapid development of TD-LTE in China and LTE in Taiwan. We believe that we are on course for a strong 2014.”

Chou may have been referencing the company’s decision to reportedly outsource three members of its Desire-family of smartphones, a move that was made in an effort to cut costs. Meanwhile, we’re expecting at least one new handset in the coming months, the HTC One mini 2.

HTC (1) HTC (2)

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...