Samsung released its earnings guidance for Q1 2015 earlier this evening, and now HTC has done the same. Reuters reports that HTC expects a net profit of $11.6 million for the first quarter of 2015 off of revenue of $1.3 billion. While these numbers are down slightly when compared to Q4 of 2014, they are up significantly from the year ago quarter.

During the first quarter of 2014, HTC reported a net loss of $60 million on $1.06 billion in revenue. HTC can attribute the growth to a solid flagship offering during 2014 apnd during the first quarter of 2015. Now, however, the company must work on continuing to grow sales of its latest flagship, the One M9.

The One M9 was met with mixed reviews from critics when unveiled last month. Many reviewers said the device was too similar to its predecessor to standout in the always competitive smartphone industry. With those mixed reviews, HTC has a challenging task ahead.

HTC is expected to post its full Q1 2015 earnings report in May.

FTC: We use income earning auto affiliate links. More.

Check out 9to5Google on YouTube for more news:

You’re reading 9to5Google — experts who break news about Google and its surrounding ecosystem, day after day. Be sure to check out our homepage for all the latest news, and follow 9to5Google on Twitter, Facebook, and LinkedIn to stay in the loop. Don’t know where to start? Check out our exclusive stories, reviews, how-tos, and subscribe to our YouTube channel

About the Author

Chance Miller

Email: Chance@9to5mac.com

Chance currently writes for both 9to5Google and 9to5Mac, in addition to 9to5Toys.