The HTC One is selling well but the company’s COO resigns
HTC has posted its latest monthly revenue figures, which should tell us exactly how the company is fairing in the face of competitive pressure from the Galaxy S4. In typical HTC fashion, there’s been some good and bad news.
We’ll start with the good news: HTC’s May sales leapt up an impressive 48% compared with the company’s April figures, and have almost doubled since March. In monetary terms, HTC’s sales increased from $NT19.6 billion in April to $NT 29 billion in May, which puts the company well on track to hit its $NT70 billion revenue target for the second quarter of the year.
This jump is sales is clearly down to the success of the HTC One, which seems to have held up well despite the launch of Samsung’s Galaxy S4 flagship. The handset has reportedly sold somewhere around 5 million handsets so far. Sales have improved month on month for HTC since the launch of the One, which appears to have been the company’s saving grace after the preceding month on month declines.
However, HTC is still facing yearly declines from 2011, and there’s certainly a long way to go before the company can be considered to be in full recovery mode. A further line-up of strong products will be needed to cement this change in fortune, especially considering how poorly the First was received. But the new Butterfly and One mini handsets could prove to be better bets.
Unfortunately for HTC, the success of the One doesn’t appear to have stopped the tide of resignations that are plaguing the company, as HTC’s Chief Operating Officer Matthew Costello has become the third major figure to resign in as many months. Matthew Costello had been with the company for the past three years and, according to Bloomberg, is set to be replaced by HTC’s current president of engineering and operations, Fred Lui.
With HTC set to easily surpass its Q2 revenue target, the company is finally starting to look much more financially stable. However the internal issues with the business could spark another round of problems at the company when it comes to planning for the future. The next couple of months will be critical for HTC, but on the whole things are looking a bit better than they have for a while.