Boosted by One, HTC grows its sales by 26% in April. Up 71% since February, with more growth ahead
A bit more data trickled out of HTC today, adding another piece of the puzzle to those of us who try to see whether their smartphone fortunes are improving or not.
HTC has released their monthly sales for April, and they came in at $NT 19 billion ($642 million). Which can be both good and bad news for the company. It all depends on how confident Peter Chou was when he provided guidance for the second quarter during last week earnings conference call.
$NT 19B is still a huge drop for $NT 30B HTC earned in April 2012, but at this point in time I don’t think that yearly comparisons can help us much in determining the health of the company. HTC management also likes to stress as much, urging us to look for the sequential improvements starting this spring. And sequential growth over the past two months was very encouraging.
From the very bottom of February 2013, HTC managed to grow its sales by 39% in March. Now, boosted by HTC One flagship, the revenues increased by additional 26% in April. Which means that sales are now up 71% since February. And, if HTC will be able to reach $NT 70 billion it guided for April – June quarter, they still have quite a significant growth spurt ahead of them. It’ll take something on the order of 27% monthly growth in May and June to get there. If they are able to do that, while going head to head with Samsung’s Galaxy S4 juggernaut, this is a very welcome news for the Taiwanese company.
Of course, HTC’s ability to hit its own guidance is a huge “if”, with lots of misses over the last few years.
I hope they will do better this time.