Home
Mobiles
Mobiles News
HTC banks on strong One sales to stage a comeback

HTC banks on strong One sales to stage a comeback

By Agence France-Presse | Updated: 2 May 2013 15:27 IST

Click Here to Add Gadgets360 As A Trusted Source

Taiwanese smartphone maker HTC said Thursday it expects a sharp rise in second-quarter revenue thanks to a new model, following record quarterly low sales in January-March.

First-quarter revenue was Tw$42.8 billion ($1.45 billion) and net profit slumped 98.1 percent year-on-year to a record low of Tw$85 million.

But chief executive officer Peter Chou forecast that second-quarter revenue would surge more than 60 percent compared to the first quarter, to Tw$70 billion.

Htc Discussion

Explore More...

"This was a pivotal quarter for HTC," he told an investor conference.

"In February our teams set a new standard for smartphones, launching the new HTC One (Review I Pictures). The reviews of fans and critics alike have been overwhelmingly positive and we look forward to delivering on the promise of this device."

The Android-based model, sporting a 4.7-inch (12 cm) touchscreen and front-facing speakers, was unveiled in London and New York in February .

Chou had hailed it as a "technological breakthrough" as he battles fierce competition from the Apple iPhone and Samsung's newly released Galaxy S4.

However the firm has a tough fight on its hands.

Research firm IDC said HTC held a 4.6 percent share of the global smartphone market in 2012, a sharp decline from 8.8 percent a year earlier. Samsung held a 30.3 percent stake while Apple had 19.1 percent.

Comments

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.