Apr 24 AT 8:05 AM Nick Gray 8 Comments

HTC forecasts 55 percent Q2 revenue jump over previous quarter – still short of 2011 numbers

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HTC has released its Q2 earnings estimates this morning, forecasting a 55 percent jump in revenue over Q1 and improved profit margins as well. HTC expects second quarter revenues to reach T$105 billion ($3.56 billion), 3.5 percent higher than the T$101.46 billion that analysts had predicted. While the Q2 forecast is positive, they are still significantly lower than the NT$124.4 billion revenue numbers they reported in Q2 of 2011.

HTC’s projections for the second quarter could be an indication that the HTC One series (which has been available in Europe for three weeks) is already having a positive effect on the company’s bottom line. With the HTC One S set to make its U.S. debut on T-Mobile tomorrow and the One X (available for pre-order on Amazon for $149.99) heading to AT&T on May 6th, HTC is poised to regain some ground lost to Apple and Samsung over the past months.

Do you think the HTC One will help HTC beat out the competition in the second quarter and help HTC regain its momentum?

Source: Reuters

Nick is a tech enthusiast who has a soft spot for HTC and its devices. He started HTCsource.com (the first HTC blog) back in 2007 and later joined the Android and Me family in the summer of 2010.

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  • http://www.anthonydomanico.com Anthony Domanico

    They’re about to get samsunged.

    • http://htcsource.com Nick Gray

      maybe. It all depends on how soon Samsung releases the Galaxy S III. Even though the phone is going to be unveiled in a few weeks, I still think the launch will be in late June or even July.

      • http://www.anthonydomanico.com Anthony Domanico

        eh, you know i just had to poke HTC a little bit. I really dig the One series, and want it to do well. I don’t know what I’d pick between the EVO 4G LTE and S III

  • Tariqali

    The one x is the best phone available and from the specs of the Samsung galaxy s3 its not going to beaten. Plus anyone who’s had experience of both HTC and Samsung would recommend HTC every time. I wish every success to Samsung but if it’s a phone that I have to live with for the next few years then I can’t afford to make any mistakes. That’s why it has to be the one x. I’ve actually got this baby and it’s wonderful and battery life is very good indeed. Last week I had to go on a trip and for 36 hours the battery went down to 78 % after a full charge. Yes I was amazed aswell.

    • sgb101

      My battery don’t last that long, the other day I was out 7am to 1am and it just survived, and that was inforced super light use.

  • spazby

    good for htc – keep making money so you can keep developing great phones

  • theluck

    Great work htc – my htc one X is performing amazing. Keep up the great work and HTC will do very well.

  • Nathan D.

    They might get these number if there device get pick over the Samsung S3 instead.