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HTC One drives struggling phone maker to first profit in a year

03
Jul
2014

Its been a long and trying year since HTC last reported a quarterly profit, but in Q2 of 2014 the Taiwanese phone maker has finally returned to making rather than losing money. The new flagship Android phone from HTC, the One (M8), has been generally recognized as the best-designed and most attractive new handset to come out this year, and its presence will surely have helped to steady the companys financial fortunes. Still, it doesnt appear to have been the runaway success that HTC needs to feel fully confident about its long-term prosperity. Goldman Sachs research quoted by The Wall Street Journal forecasts that this second quarter will be HTCs peak, as it has been for the past two years, indicating that without another big release in the fall, HTC will continue to hover around the break-even mark.

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