May revenue of $970 million gives HTC its best month of 2013
HTC has reported its unaudited revenue for May 2013, announcing that last month it brought in NT$29 billion ($970 million). This brings total revenue for the year so far to NT$91.4 billion ($3.06 billion), and revenue for the quarter so far to NT$48.6 billion ($1.62 billion). The numbers indicate that May was HTC's best month of 2013, putting it within striking distance of its expected Q2 revenue of NT$70 billion ($2.34 billion). The last time the Taiwanese phone-maker brought in this much cash in a single month was June 2012.
The increase in revenue follows the launch of the HTC One, the company's much-hyped flagship handset. HTC had endured lackluster revenues in recent months following delays to that handset brought on by component shortages. In recent weeks the company has also recently lost several high-profile executives. The resolution of these supply problems and the crucial U.S. HTC One likely contributed to the higher May numbers, and it was recently reported that HTC had sold around five million HTC One handsets as of mid-May. HTC will be hoping for continued strong sales in June and beyond, despite increasing competition from rival Samsung.