HTC Posts 27% Year-Over-Year Revenue Growth

HTC One M9 Event AH 2

HTC unveiled the new One M9 a couple of days ago, but they also announced that they are making money. The Taiwanese company has posted a 27.7% increase year-over-year. They reported revenues of NT$9.226 billion (US$293.9 million) for February 2015, which is a significant increase over what they made in February 2014. The revenues are actually down a bit from what the company reported in January, 2015. Revenues dropped 24.8% from January to February, but the bigger picture is that they are making money YOY.

HTC upgraded their flagship One series phone at MWC, but they are doing really well in the mid-range arena with their Desire line of handsets. The Desire Eye, 612, 816, and the rest of the line are not specced as high as the One M8 or M9, but they are also priced to sell. Consumers in Europe and in Asia are taking to these phones in droves, driving revenue and profit to a company that has been struggling the last few years. HTC isn’t done, either.

The company surprised us at MWC with a virtual reality headset they developed in partnership with Valve. The HTC Vive is a new VR headset with more than 70 sensors on it that give the headset full head tracking support and a full 360-degree field of view. The refresh rate is low, coming in at only 90Hz, which HTC explained can help people who tend to experience motion sickness when wearing a VR headset. The initial hardware they unveiled is a prototype, but reaction to the announcement was overwhelmingly positive. The Vive headset is part of the HTC RE line of products, along with the Grip and the RE Camera they announced last year.

HTC is on the right track. 27% YOY growth proves that they are making the right moves and re-establishing themselves, both with consumers and with other partners. The company understands that just making smartphones isn’t going to get them to where they want to be. They are branching out and offering new and interesting products, as well as partnering with some monster companies like Valve. The future is bright for HTC.