HTC has recently made public the results of its third quarter (Q3 2014) financials. While not as impressive as the previous quarter's, the most recent quarter still saw the Taiwanese phone maker generate a profit in the amount of $19.7 million, which is not all that bad considering what the company went through right about the same time last year.
Back in October of 2013, HTC reported a massive loss in the amount of $102 million. It was the first negative quarter ever experienced by the mobile manufacturer. The company has since bounced back (relatively speaking), even managing to generate a $75 million profit in the second quarter of this year. The latest quarter's $19.7 million might not beat the previous quarter's numbers, but still it is a profit nonetheless.
As for the total revenues for Q3 2014, HTC's figures in that area have also taken a dip. In the previous quarter, the company enjoyed a $2.17 billion total revenue. During the latest quarter, HTC has only racked up revenues amounting to $1.38 billion.
HTC is clearly no longer the dominant smartphone maker who launched the first Android device years ago in 2008. Today, the company can not even crack the top five.
But still, HTC should feel optimistic about the way things are going. Recent releases by the phone maker, including the HTC One (M8) and the Desire line of smartphones, are fairly doing well despite major competition from other recent high-profile releases, like Apple's iPhone 6 and Samsung's Galaxy Note 4.
Indeed, the HTC One (M8) is beginning to gain traction. It is now available in Android and Windows Phone versions. The Desire smartphones appear to be holding their own by offering features not readily found in competitors' offerings. The Desire 820 device is the first Android phone that can support 64-bit processors. The Desire Eye is being positioned as the selfie smartphone due to its 13-megapixel front-facing camera. Even on the software side, HTC is being aggressive -- the company launched its Zoe photo app for Android and is even planning to bring to iOS devices too.
For the final quarter of 2014, HTC is looking to finish the year with a total revenue of somewhere between $1.38 billion to $1.55 billion. But keep in mind that we are heading into the holiday season where anything can happen. And HTC's competitors -- Apple, Samsung, not to mention LG and Lenovo (which recently acquired Motorola) -- will surely not sit idly by as the year ends.
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