HTC Desire 816

It looks like HTC's woes are at an end, as the Taiwanese manufacturer has posted its first quarterly revenue growth since the third quarter of 2011. Much of HTC's turnaround is attributed to the brand's strong showing in the mid-tier segment in emerging markets like China and India, where the Desire series is gaining considerable traction. In Q4 2014, HTC's sales amounted to NT$47.9 billion ($1.5 billion), up from the NT$42.9 billion ($1.34 billion) figure the vendor posted in Q4 2013.

Net income for HTC during the quarter was at NT$470 million ($14.70 million), and the vendor even managed an operating profit of around NT$180 million ($5.6 million), contrary to analysts' estimates that predicted a loss of NT$30.4 million ($0.9 million). By offering a range of well-crafted devices in the mid-tier segment, HTC was able to carve out a niche for itself in China, which is dominated by Xiaomi in the entry-level segment and the iPhone 6 in the high-end category.

While the latest numbers are promising, HTC is not out of the woods yet — last quarter's numbers were not enough to prevent HTC from posting a full-year revenue decline for the third year in a row. With mid-range devices like the Desire 826 targeted at Asian markets, it looks like 2015 may just be the year HTC completes its turnaround.

Source: Bloomberg