HTC hasn’t been doing so well over the past few years, registering a loss nearly every quarter. However, the Taiwanese phone maker might be finally making a turnaround.
HTC earned more money in June this year than the previous six months. We’re talking a sharp increase of 94% in revenue, from a measly $24 million earned in May 2019 to a whopping $46.8 million in June 2019.
This somewhat unexpected financial boost is a good reminder of the company’s March 2019 result. It was 110 percent better than its February earnings, however, the earnings soon fell off a cliff the very next month.
However, HTC should now be able to maintain this solid growth in July as their mid-range Desire 19+ handset is expected to go on sale soon.
Still Worse Than Last Year
According to sources, the positive results of June are mostly thanks to HTC U19e, the arguably overpriced Smartphone unveiled in Taiwan. It is worth noting, however, that the revenue score for June 2019 is actually 34.4% lower than June 2018.
HTC can’t be too happy about its Q2 performance right now, which represents a decrease from both Q2 2018 and Q1 2019. The company earned $89 million in Q2 2019 compared to $200 million earned in Q2 2018 and $90 million in the first three months of 2019.
Still, if HTC is able to maintain its “sales momentum” as the reports claim, this could actually be the beginning of a comeback.