Smartphone maker HTC reported a quarterly rise in turnover for the first time since 2011, as new mid-range phones and a tablet produced with Google helped slow the erosion of its market share.
In preliminary results yesterday, the Taiwanese group reported revenue of NT$47.9bn ($1.5bn) in the final three months of 2014, up from NT$42.9bn a year earlier. This was ahead of forecasts, as was a modest operating profit of NT$180m, which helped it to avoid a repeat of its first annual loss in 2013.
HTC was quick to launch a smartphone using Google’s Android platform after Apple’s launch of the iPhone, and became the biggest smartphone producer by volume in 2011. But that position was soon captured by Samsung .
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