HTC Posts Q2 Guidance – Plans Domination of Mid-range Market, One (M8) Already Selling Better Than One (M7)

HTC issued guidance for its Q2 financials today, and the news was mostly positive. The Taiwan-based company said it projects revenues to dip slightly, down 2-8% from last year with $2.16 billion.

However, the company’s anticipated net income of between $31 million and $115 million, beat analysts expectations. As HTC Source points out, Q2 of this year could be HTC’s most profitable in more than 2 years.

That growth is partially fueled by strong sales of the HTC One (M8), which HTC CFO Chialin Chang said is already selling better than its predecessor. The mid-range will hopefully also be a source of steady profit, as Chang stated to Bloomberg, “We intend to dominate the mid-tier. We believe we have the capability, the combination of factors in terms of what consumers need.”

In a report from Reuters, HTC’s CEO is quoted at stating that his company resolved many of the manufacturing issues which they ran into with last year’s One (M7). With those fixes, HTC’s customers can rely on consistent, well-produced devices; regardless of whether they are flagship devices or mid-range handsets.

All in all, things are looking up for HTC.

Via: HTC | HTC Source | Bloomberg | Reuters