HTC touches low end of first quarter sales forecast
Taiwanese smartphone maker HTC Corp. ( ) said Tuesday it touched the low end of its quarterly revenue forecast for the first three months of 2015 as its sales surged in March.
The Taoyuan- based company reported unaudited consolidated revenue of NT$41.52 billion (US$1.34 billion) for the first quarter, in line with its estimate of between NT$41.5 billion and NT$45 billion that was set on Feb. 6.
The figure represented a 13 percent sequential decline from the fourth-quarter revenue of NT$47.9 billion amid a slow season for consumer electronics.
First-quarter operating profit was NT$20 million and net profit after tax was NT$360 million, translating into earnings per share of NT$0.43, which met the company’s expectation on an EPS range of between NT$0.08 and NT$0.47.
In March alone, HTC posted consolidated revenue of NT$20.02 billion, up 117.02 percent from the previous month and up 23.41 percent from a year earlier following the launch of its flagship One M9 phone.
HTC shares opened 1.47 percent higher at NT$138.5 in Taipei morning trade Tuesday.
HTC to Host ‘More than One’ Press
Event in China
HTC is scheduled to host a “More than One” press event in Beijing on Wednesday as the Taiwanese phone vendor is widely expected to launch three variants of its flagship One smartphone range.
The Taoyuan-based company will reportedly launch the 5-inch One M9 powered by a Qualcomm Inc. mobile processor, as well as the 5.1-inch One M9 Plus and the 5.5-inch One E9+ that run on Taiwan’s MediaTek Inc. ( ) chips.
The M9 made its global debut at the Mobile World Congress show in Barcelona on March 1, but the spotlight of HTC’s China event may be on the bigger-screen M9 Plus and E9+ that aim to cater to the phablet craze in the world’s largest smartphone market, according to Taiwanese media reports.
Earlier reports said the metal-clad M9 Plus will come with a 5.1-inch 2K display with a resolution of 2048 x 1536 pixels, a MediaTek MT6795 octa-core processor, 3GB of memory, 32GB of internal storage capacity, a dual-camera design with a 20-megapixel sensor on the back and an embedded fingerprint scanner on the front.
The E9+, which appeared on HTC’s official China website on March 29, features a part-plastic and part-metal casing design, a 5.5-inch 2K screen, a MediaTek MT6795 octa-core mobile processor, 16GB of internal storage and a 20-megapixel main camera.
Technology and gadget websites have generally praised HTC’s newly unveiled M9 smartphone, but some reviews have also expressed misgivings over the performance of the 20-megapixel main camera, which was made by Toshiba Corp. at a time when the majority of the world’s mobile cameras are being supplied by Sony Corp.