HTC posts first profit in a year, despite decreased revenue

Yay!

Gigaom

HTC is making money again. On Thursday, the Taiwanese smartphone maker reported an unaudited NT$2.26 billion ($75.6 million) profit in the second quarter of 2014, its first since the same quarter last year. However, its NT$65 billion ($2.17 billion) revenue was not only on the low end of company guidance, but was down from the same time last year.

In the past quarter, HTC has released a few phones of note: the flagship HTC One M8, and a lower cost version with a plastic shell aimed at emerging markets, specifically China. It also launched a mini version of its flagship in Europe and Asia. However, according to the Wall Street Journal, HTC’s profit this quarter is due to cost-cutting measures, not increased handset sales. HTC has addressed supply chain issues, and, unusually for the one-time OEM, has started outsourcing some production to reduce costs.

While the HTC One M8 earned rave reviews

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