HTC bounces back – makes some profit in 2018


HTC

Taiwanese manufacturer, HTC, recently announced its Q4 2018 and full-year earnings report for 2018. The financial report shows that HTC’s gross profit after tax in the fourth quarter of last year was not bad. The company made NT$4.4 billion ($143 million) for Q4 2018. In addition, its gross profit for the entire 2018 is NT$12 billion ($389 million).

HTC

From the results, HTC profits seem to have risen for last year. Nevertheless, HTC did not achieve a real profit last year after removing some of the company’s expenses. These include administrative expenses, research and development expenses, and marketing budget. In the past few years, HTC’s revenue has been declining, HTC has been restructuring the organization but from the results, their previous adjustments did not seem to play a big role.

HTC was one of the world’s largest mobile phone foundries. This company was a smartphone “king” in the Nokia era. With the recent development, the competition in the mobile phone industry has become increasingly fierce, and HTC’s mobile phone business has gradually begun to decline. Although the Taiwanese manufacturer has been involved in the VR industry in recent years, HTC has not given on smartphones. On September 21, 2017, HTC and Google reached a $1.1 billion cooperation agreement. According to the agreement, the former who originally participated in the research on Google Pixel mobile phones also granted some of its intellectual property rights to Google. HTC still retains its own mobile phone brand and will continue to launch new products.

There are speculations that the company will launch a 5G Hub through many global operators, and will also launch 5G smartphones in the second half of this year. At the same time, it also announced that it will launch its Viveport Infinity VR game subscription service on April 2.

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