Is HTC smartphone business going down?

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Friday, 03 May 2019 at 12:22
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When the Android system started about a decade ago, HTC was at the hub of Android smartphone development. However, the current situation of HTC has reached a very dangerous point. Recently, feedback from netizens says that HTC's flagship stores at Jingdong and Tmall are no longer searchable. However, ITHome searched the HTC Jingdong self-operated store and realized that the store is still searchable but all the products are out-of-stock. Considering the recent reports surrounding the company, this is not good news for lovers of the Taiwanese manufacturer.
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According to previous reports, HTC will also introduce a variety of new smartphones this year, including its second-generation blockchain phone and 5G mobile devices. Will HTC close down its smartphone business soon? This is a question that can not be answered for now but current trends suggest that its smartphone business is suffering.
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At the beginning of April this year, HTC announced its revenue data for March and the first quarter of 2019. The data show that HTC's March revenue was NT$1.31 billion (∼$42 million), almost double its revenue in the previous month. Although this is good news, the company's revenue still fell by more than 50% compared to the figures for the same period in 2018. HTC's cumulative revenue in the first quarter of 2019 reached NT$2.94 billion (∼$95 million), a 66% drop from the same period of last year.
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