HTC reveals first quarterly sales rise in over three years

Things could be looking up for the Taiwanese manufacturer

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The Independent Online

HTC has achieved its first quarterly sales growth in more than three years, the Taiwanese smartphone manufacturer announced today.

It’s good news for the company, which has struggled against rival tech giants Apple and Samsung in recent years.

Sales for the fourth quarter of 2014 totalled NT$47.9 billion ($1.5 billion), up from NT$22.9 billion ($1.3 billion) a year earlier. HTC’s operating profit was NT$180 million.

The firm said it had made a net profit of NT$470 million. According to Bloomberg, 14 analysts had estimated an average net profit of NT$212 million.

In 2013 the HTC One (M8) smartphone was named the best on the market by tech magazine T3.

However, in October of the same year the firm posted a quarterly operating loss of NT$3.5 billion (£74 million) with sales falling by a third compared with the same period in 2012.