HTC ekes out a $10 million profit in Q4

Finally, a bit of not-quite-dismal financial news for HTC. While the Taiwanese manufacturer didn't hit expectations with its fourth-quarter earnings, it did manage to turn a $10 million profit — which it failed to do the previous quarter.

The uptick can at least in part be credited to its sell-off of the 25 percent stake it still had in Beats Audio — a move that netted HTC a one-time addition of some $85 million. 

HTC's not out of the woods yet, but it's made strides in rolling out updates in a more timely manner, and we'll have to see if there's any tangible result to the continued executive changes.

Source: Reuters

Phil Nickinson