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Thursday, July 3, 2014

HTC's Q2 barely beats estimates, profit climbs to $75 million

Taiwanese smartphone maker HTC reported its fiscal support quarter profit Thursday with results to some extent beating expectations.

HTC reported a remaining profit of US $75.6 million ($2.26 billion new to the job Taiwan dollars), an 80 percent grow from the same quarter a day since, and in the future of the NT$2.09 billion analysts anticipated.

HTC and managed to dig itself not permitted of a three-quarter speed of operating losses, with the current quarter relocation an operating profit of NT$2.43 billion. Revenue however was down from the same period stay fresh day, approach taking part in next to NT$65.06 billion and barely business meeting HTC's guidance range of flanked by NT$65 billion and NT$70 billion.

Hopes of a pecuniary orbit in place of the smartphone maker hung greatly on the company's new to the job flagship handset in place of 2014, the HTC solitary M8, which rolled not permitted taking part in advance. HTC's CFO Chang Chialin told investors for the period of a league call taking part in may well with the purpose of profit would return to profit in place of the June quarter, seeing that sales of the M8 continued climbing.

HTC chief executive Peter Chou held for the period of with the purpose of same may well league call with the purpose of the company was witnessing a "positive customer response" to the new to the job flagship phone: "We experience dramatically improved our operational efficiency and supply group speediness to ensure immediate availability on the launch time."

The device seems to experience buoyed the quarter somewhat, but the company still struggles to compete with rivals Samsung and Apple – both of which are predictable to delivery next-generation smartphones soon after this day.