Following the announcement about its poor Q1 2012 figures, things might be looking up for Taiwanese phone manufacturer HTC (TWSE: 2498).

On the back of early sales and shipping demand for its new, highly regarded, Android-powered HTC One family, it reckons sales in the next quarter could experience an uptick.

It's predicting revenue of around NT105 billion (around $3.6 billion).

If correct, this would be still be down 16 percent year-on-year, but demonstrate strong sequential growth from the NT$67.8 billion (around $2.3 billion) it posted in Q1.

Turning point

Commenting that its recent performance has been hit by its product transition cycle and the impact of selling older products, the world's fifth largest phone OEM hopes the more expensive HTC One will also boost margins.

HTC expects to see its gross margin in Q2 up to 27 percent from 25 percent in Q1.

Operating margin is predicted to be around 11 percent, compared to 7.5 percent in Q1.

[source: HTC]