Taiwan’s HTC grows revenue

City A.M. Reporter
TAIWANESE smartphone maker HTC yesterday pointed towards a 55 per cent jump in revenue in the second quarter from the previous three months, matching forecasts.

The company said that it expects its second-quarter revenue to be T$105bn (£2.2bn) compared to T$67.79bn in the first quarter.

This exceeds analysts expectations of about T$101bn.

It follows a 70 per cent profit tumble in HTC’s first quarter to just T$4.46bn, below forecasts, as the world number five smartphone maker struggled to regain market share lost to Apple and Samsung.