What a difference a year makes: HTC was able to turn a profit in the third quarter thanks to the HTC One M8 and Desire smartphones.
The Taiwanese company posted a third-quarter net profit after tax of NT$600 million ($19 million). That's roughly a quarter of the profit made in the previous three months, but a big improvement over this time last year when HTC reported its first loss in a decade.
HTC isn't out of the woods yet. Its quarterly revenue of NT$41.9 billion ($1.38 billion) declined 11 percent from a year ago, and more than 35 percent from the second quarter, when the One M8 launched.
As one of the few pure mobile device manufacturers left in the industry, HTC has struggled to keep pace with larger rivals such as Apple and Samsung. Its results underscore the company's dilemma: It lacks the scale and resources to effectively compete against the players in the premium category, while upstarts such as Xiaomi and Chinese tech conglomerates such as Huawei are pressuring it from the bottom.
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