Consolidated sales at HTC climbed 47.9% sequentially to NT$29 billion (US$1.64 billion) in May, thanks to brisk shipments of its New HTC One smartphone, according to the company.

For the first five months of 2013, revenues amounted to NT$91.4 billion, decreasing 29% from a year earlier.

Due to strong sales of the New HTC One in the US, Europe and Asia Pacific, shipments of the model are expected to top over one million units in the second quarter of 2013, according to industry sources.

HTC's sales for the second quarter of 2013 are likely to surpass its target of NT$70 billion by 1-5%, the sources estimated.

With HTC planning to launch a number of new models, including the HTC One mini, HTC Butterfly S, HTC One Max as well as new models of its HTC Desire family, in the third quarter, the company is expected to post third-quarter revenues of NT$80-85 billion, the sources added.

Article translated by Steve Shen