HTC Reports Q1 2015 Results And Detailing Profit For Fourth Consecutive Quarter

HTC has reported it's quarterly numbers for Q1 of this year. HTC Corporation posted an unaudited total profit of $11.6 million for the first fiscal quarter. The smartphone manufacturer reported these figures in a press statement given from its corporate headquarters in New Taipei City, Taiwan on Tuesday morning. Also reported by the company, was the total unaudited revenue for the same period. The first quarter of 2015 brought T$41.52 billion ($1.3 billion) into the company's accounts. The dates this report covers are January 1 through March 31st, 2015, their largest revenue period of the quarter was March 2015 with an 117% increase in consolidated revenue. While HTC Corporation did not immediately provide comparison figures, this represents approximately a 25.3 percent increase over this time last year, according to HTC's investor reports that were obtained from their website. When looking back at the last three months of 2014, total unaudited revenue for the same period was T$47.5 billion ($1.7 billion approx.). This will be the fourth consecutive quarter of net profit.

During the last two fiscal quarters, there were various products in the planning stages, but there were no major stateside releases for the time frame in the report. Since the beginning of the year, several phones such as the HTC One M9 in Barcelona, the mid-tier One M8s for Europe, and the One E9+ have been announced. The One M9 launches officially on April 10th and finally the M9+ is expected to be announced at an event on April 8th in Beijing. The HTC Vive is also in the last stages of development with a launch date planned for later this year, the new wearable earned high praise at MWC 2015 in Barcelona, Spain.

With many new phones coming off of the production lines, the highly anticipated Vive along with the HTC GRIP, built in partnership with Under Armour, also planning to launch this summer, HTC has a diverse line of products. Not to mention that the change in position of Peter Chou, going down a step to head up innovation, and the ascendance of Cher Wang to President and CEO of the smartphone maker last month should make for some interesting times ahead. 

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