HTC reports unauditied Q1 profit vs. a loss last year

HTC is continuing its financial turnaround as it reported an unaudited net profit of $11.6 million USD for the first quarter of 2015. That compares to a loss of $60 million USD for the same period last year. Unaudited revenue for this year's first three months amounted to $1.3 billion USD, up from the $1.06 billion USD that HTC took in during the first quarter last year.

While HTC's net and revenue were up over last year's first quarter, they were lower compared to the fourth quarter of 2014. Strong sales of the HTC One (M8) helped the company put in a solid 2014.

Now, the HTC One M9 is the manufacturer's latest flagship device. Sporting the 64-bit octa-core Snapdragon 810 CPU, 3GB of RAM and 32GB of native storage (of which 21GB is available to the user), HTC kept the same 5-inch 1080 x 1920 resolution that is on the One (M8). The company did listen to consumers and replaced the rear camera with a 20MP snapper. The 4MP Ultrapixel camera that was on the back of the HTC One (M7) and HTC One (M8) is now on front for selfies and video chats. If HTC is going to continue its financial comeback, it will need a strong performance from the HTC One M9.

The company is holding a media event on April 8th at which time it is expected to unveil the HTC One M9+. This model features a 5.2-inch screen with a resolution of 1440 x 2560. We could see a MediaTek chip under the hood in some regions and a Snapdragon 810 in others. It is unclear whether we will see the One M9+ offered outside of Asia. Whatever HTC has planned for this device, we will find out tomorrow.

source: Reuters