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When HTC (2498) launched the new smartphone in its “One” lineup in February, the outlook didn’t look very promising.
As we said at the time, “in terms of Android-powered handsets, HTC hasn’t been able to hold a torch to Samsung’s (BC94) hit Galaxy devices.”
But considering that the company now expects second-quarter revenue to jump 64%, to nearly $2.4 billion, it seems that the beleaguered smartphone maker could have hit a home run with the new handset.
A quick glance at HTC’s chart shows that investor interest is starting to heat back up. Shares have increased 26% since mid-March.
Article By WallStreetDaily.com
Original Article: Did This Beleaguered Smartphone Maker (Finally) Hit a Home Run?