Do you remember last week when we told you about HTC’s disappointing Q1 earnings report? Well it looks like HTC may have pulled off the turnaround they were hoping for. J.P. Morgan Securities upgraded HTC’s stock to “neutral” from “underweight”. They also raised the target price from NT$160 to NT$330 due to the sales of their new Flagship Phone, the HTC One.
HTC needed to kick into high gear, and it appears they know that too. Over the last two weeks HTC’s supply issues “have significantly improved” according to Alvin Kwock, J.P. Morgan analyst.
With new vendor qualification, HTC One shipments will continue to improve. March estimates for the HTC One were 300,000 units, but would raise to 1.2 million in April, and 2 Million in May. These numbers could help HTC’s Q2 earnings climb to over 50 percent from their Q1 earnings.
HTC might be back on the right track now, but they still have a long uphill battle against companies like Samsung. HTC lost lot of ground, after the HTC EVO 4G LTE was delayed in some markets.
As always we will keep a close eye on HTC and will update you on all the important information you need to know.
Source: Focus Taiwan
Via: Phone Arena
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