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HTC announces positive financial results for Q4 / 2014

Taiwanese smartphone maker HTC reported a positive financial performance for Q4 / 2014. The most recent balance sheet shows that the company increased its sales and generated a profit for the third consecutive quarter.

Although its financial security is far from being ensured, it looks like HTC is showing signs of recovery after years of losses. The Taiwanese company announced rising sales and a small profit for the fourth quarter of 2014, marking the third consecutive quarter of loss-free operation. Q4 2014 brought HTC revenues of $1.5 billion, while net income after taxes amounted to $15.9 million during the quarter. Compared to the same period of 2013, revenues increased 12 percent.

For 2014 as a whole, HTC's revenues fell 7.7 points from $6.42 billion to $5.95 billion. Despite smaller revenues, 2014 marked a return to profits for the the Taiwanese company, as the manufacturer showed a profit of $50 million, a notable improvement compared to $40 million in the red in 2013.

Looking into the future, the company announced estimated revenues in the range of $1.31 to $1.42 billion for Q1 2014. If HTC meets its expectations, revenues will decline a bit compared to Q4 2014, which was expected following strong Christmas sales.

The Taiwanese manufacturer is rumored to announce an array of new devices in early March at MWC 2015. The HTC One M9 Hima will be the successor to this year's One M8, but the company is also expected to unveil the One M9 Plus, a slightly larger version of the flagship. Furthermore, HTC is also expected to unveil its first smartwatch at this year's MWC. HTC's financial performance in the upcoming quarters is going to be heavily dependent on the commercial success of these devices, so now both analysts and fans are eagerly awaiting to see the new products.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2015 02 > HTC announces positive financial results for Q4 / 2014
Mihai Andrici, 2015-02- 6 (Update: 2015-02- 6)