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


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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