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HTC On Better Financial Footing, Won’t Need Additional Loans in 2015

October 9, 2014 - Written By Nick Sutrich

HTC looks to finally be on good financial footing after a rough year last year.  Starting around mid-way through 2013 HTC went through a series of consecutive loses for 3 quarters in a row, finally stopping after the release of the HTC One M8 this past Spring.  Since Q2 2014 HTC has been reporting a profit, although the just release 3rd quarter’s positive earnings are more due to cuts made rather than any kind of record revenue, and the company’s CFO is sticking with a positive spin to the numbers.  HTC CFO Chialin Chang said in an interview with Reuters that the company is in good financial standing with $1.7 billion in cash reserves and a lack of debt that the company is currently able to finance its own projects this year and into next.  This means that HTC won’t need loans of any kind for its ongoing and future products into next year, so more positive financial earnings reports will only help the fairly positive situation.

This isn’t to say that HTC’s sales are anything to cheer about though.  The HTC One M8 has done pretty well for itself but isn’t breaking any records, and since it’s not getting any newer it’s not likely not to change its sales pace in the future unless HTC does some serious wheeling and dealing this holiday season.  HTC’s just announced Desire Eye is a rather interesting take on the trend of selfies that’s been sweeping social networks over the past few years and has become increasingly popular this year alone, and HTC’s super awesome RECamera is aiming to take on the Go Pro’s out there for those looking to film every day activities and adventures in a new and interesting way.  HTC’s smartwatch won’t be hitting this year though, as the company confirmed that while it’s definitely working on an Android Wear smartwatch it won’t be making it available until sometime next year.

Don’t forget too that HTC is making the Nexus 9, the new tablet from Google that’s expected to make its debut next week along side Android L and Android Wear 2.0.  While HTC is still swearing that phones are its “bread and butter” it’s obvious that the company is trying to diversify its product portfolio to avoid another disastrous year.