HTC returns to profit in Q2 as steep climb begins

[Wireless News]

http://l2.yimg.com/bt/api/res/1.2/tLxk9MKYY_WPDvhgcNeZKA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_US/News/BGR_News/1-bgr-htc-one-m8-top.jpg (http://news.yahoo.com/htc-returns-profit-q2-steep-climb-begins-001547302.html)Thanks in part to sales-of-its flagship HTC One (M8) smartphone, HTC has delivered on its promise and returned to profit in the second quarter. The struggling handset-maker on Thursday reported preliminary unaudited financial results for the June quarter, noting a narrow-$75 million profit on revenue totalling just under $2.2 billion. The good news is that the company finally managed to return to a profit, but the bad news is that revenue is still sliding.-In other words, sales are still sputtering but HTC’s recent cost-cutting measures have had a clear impact. HTC’s brief news release follows below. HTC RELEASES UNAUDITED RESULTS FOR 2Q 2014 Taoyuan, Taiwan – July 3, 2014 – HTC Corporation (TWSE: 2498), a global leader in mobile innovation



More... (http://news.yahoo.com/htc-returns-profit-q2-steep-climb-begins-001547302.html)