HTC’s September Revenue Fell Over 80% YOY


Last year, Xiaomi showed terrible results, and many hurried to bury it. A year earlier, the Chinese tech giant was the first in the domestic market, while for the last year, it even didn’t provide any certain numbers because of the fifth position it occupied. But starting 2017, the company has revised its strategy and could become the world’s 4th smartphone maker, showing a classic example of how a manufacturer can turn the wheel of fortune back. But HTC, which has been in a decadent state for a long time, seems, can’t make healthy. HTC just released an unaudited revenue report for September 2018. As expected, this Taiwan-based company has absolutely no signs of turning around.

The financial report shows that HTC’s revenue in September 2018 reached $40.64 million, which is 9.57% lower than the previous month. At that time, HTC reported revenue of $45.21 million, and a year-on-year decrease of 80.71%, which is the biggest income drop in the company’s history.

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Overall, in 2018, HTC’s revenue is currently $633.41 million. This is 57% lower than the $1.5 billion reported last year. The Taiwan-based company is expected to fall into the $1 billion mark this year.

This summer, HTC announced that its manufacturing division has laid off about 1,500 people to reduce costs and simplify the management of its smartphones and VR devices.

In September, HTC announced its 2018 Q2 earnings report, which showed revenue of NT$6.8 billion ($220.6 million), a 58% decrease from the second quarter of last year. The quarterly net loss was NT$2.09 billion ($67.8 million), which was the company’s tenth consecutive quarterly loss.

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