HTC financial results still sinking into the depths

Periodically HTC releases their financial results data and almost without fail, the story the numbers tell is always the same. Sliding sales of HTC smartphones and the few accessories and other items the company brings to market point to a company going down the drain. The first quarter of 2018 was no exception and even as recently as April 2018, monthly revenue has fallen to a point not seen since 2004.

According to HTC’s official announcement, first quarter revenue totaled NT$8.79 billion ($209M USD). That translates to decrease of almost 40% compared to the same period last year and is the lowest quarterly revenue number in 16 years. For the month of April revenues were $70M USD (NT$2.099 billion).

Although HTC got a little bit of good news when it was selected to be one of the manufacturers of the latest Pixel phone, that did not translate into growing revenue for the company. HTC appeared to not even be on task to release a new flagship smartphone during the first half of 2018, but they have since relented and now indicate they will have new products to announce on May 23. That phone, unofficially known as the HTC U12+ will get the usual assortment of flagship hardware – a Snapdragon 845 processor, 6GB of RAM, a 5.99-inch Quad HD display, a 3,420mAh battery, and Android 8.1 Oreo for the operating system. A capable phone for sure, but nothing to set it apart from the competition.

During the first quarter, HTC and Google did complete their transaction for Google to acquire HTC’s research and development resources, including lots of IP. That should provide HTC with plenty of cash meaning they can continue with the downward trajectory for some time.

source: Gizchina


About the Author: Jeff Causey

Raised in North Carolina, Jeff Causey is a licensed CPA in North Carolina. Jeff's past Android devices include an HTC EVO, a Samsung Note II, an LG G3, and a Motorola Moto X Pure Edition along with a Samsung Galaxy Tablet 10.1. He currently uses a Samsung Galaxy S8 and (very rarely) a Nexus 7 (2013). He is also using a Verizon-branded Motorola Moto Z Play Droid supplied by his job. Jeff used to have a pair of Google Glass and a Moto 360 Sport in his stable of gadgets. Unfortunately, his kids have all drunk the Apple Kool-Aid and have i-devices. Life at home often includes demonstrations of the superiority of his Android based devices. In his free time, Jeff is active an active runner usually training for his next marathon, owns a MINI Cooper, and plays Dungeons & Dragons. Jeff has three mostly grown kids and a golden retriever.