HTC announces profitable Q1 earnings, reports strong growth in many markets

Amidst internal struggles and numerous executive departures, HTC recently launched the One M9, announced a partnership with Under Armour for the Grip wearable, and immersed itself in virtual reality with Vive.

All these actions helped HTC produce profitable results in its first fiscal 2015 quarter. Ending March 31st, HTC reported revenues of $1.36 billion (USD), which is a 25% increase year-over-year, with net profits of $11.8 million (USD). While there was no mention of Canada, HTC noted that “the US saw the strongest growth since 2011, while markets in Europe and the Middle East showed continued momentum.” Much of that growth was thanks to the success of its Desire line.

Cher Wang, HTC chairwoman and CEO, said, “We have continued to raise our game over the last few months, and the Q1 results reflect the hard work we have put in to consolidating our processes and operations, while enhancing our core focus of superlative design and technology for the mobile lifestyle.

The HTC’s Vive VR headset could see a launch before the end of the year.

Read More: HTC One M9 Review

[source] HTC [/source]

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