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HTC made a rare profit during Q1 2018, largely thanks to Google

Here’s something you do not hear every day: HTC really earned a profit last quarter. Particularly, a net revenue of NT$211 billion, relating to around US$706 million, created in between January and March 2018.

Sadly for a business that’s been on a losing streak for an excellent couple of years now, this Q1 win is not owed to some amazing U11 resurgence, growing U11+ sales or an over night Vive get into the mainstream.

Rather, HTC technically had yet another bad quarter, with NT$ 5.2 billion (US$175 million) operating losses produced by the company’s core service operations, which were balanced out by the $1.1 billion moneyed in as an outcome of a Google offer including copyright, engineering and tech personnel.

Still, this puts a main end to a bleak duration of 11 successive quarters at a loss for among Android’s leaders and most significant innovators throughout the years, which will attempt once again later on this month to turn a high-end phone into an industrial hit.

Unfortunately, HTC’s quarterly NT$ 8.8 billion incomes took a huge dive from both Q1 and Q4 2017’s NT$145 and NT$157 billion overalls, with a gross margin of -3.1 percent, although financiers are most likely to concentrate on their uncommon NT$257 gain per share. A minimum of till Q2 concludes, with April 2018 revenues painting yet another gloomy image ahead after a 24 percent regular monthly dip and 55 percent annual downturn.

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