HTC posts first quarterly revenue rise in three years

Manufacturer beats its own Q4 sales forecast to achieve first gain since Q3 2011 as profit increases by more than half 

HTC has posted revenues of NT $47.9 billion (£985 million) for Q4 2014 – its first quarterly year-on-year sales growth since Q3 2011.

The figure reported by the Taiwanese manufacturer is up from the Q4 revenue of NT $42.9 billion (£883 million) posted a year earlier and NT $41.86 billion (£862 million) in the previous quarter.

It managed to beat its own internal forecasts. In October, HTC predicted revenue would be NT $43 billion (£885 million) to $47 billion (£967 million) for the final three months of last year.

Net profit also increased in Q4, rising 51.6 per cent from NT $310 million (6.38 million) in the same period a year ago to NT $470 million (£9.7 million).

During the October-December quarter, HTC collaborated with Google to release the Nexus 9 tablet. It also released the mid-range Desire Eye (pictured), which it claimed was comparably specced to its flagship One (M8) smartphone.