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In a not unexpected turn of events, it’s been noted that HTC’s earnings have fallen by a massive 64 percent since the same time last year. The losses equal $148 million for the first quarter of 2016.
HTC’s revenues were pegged at 41.5 billion Taiwanese dollars last year and 14.8 billion Taiwanese dollars this year. The drop in revenue has been expected of course. HTC hasn’t had a killer product to sell since their M8 a few years ago and they were struggling even before that.
Their current flagship, the M10, hasn’t been included in these estimates as its only just hit store shelves. Also excluded is the HTC Vive, which is not expected to have booming sales anyway due to its high price and niche audience.
The M10 does seem to have been well-received and pending a full review, we will admit that it’s an interesting phone indeed. HTC is expecting to “trim expenses” to reduce operating costs and has reportedly sold off land and property.
Engadget reports that the struggling company’s smartphone division is hoping to break even by Q3 2016 on the strength of the M10.
The report also adds that HTC’s Chief Financial Officer, Chialin Chang says that they’re not forecasting that they’ll break even by Q3, only that they aim to do so, internally.
HTC's revenue drops 64 percent from last year, hopes pinned on M10 and Vive for year ahead Tech2 Mobile
HTC’s revenues were pegged at 41.5 billion Taiwanese dollars last year and 14.8 billion Taiwanese dollars this year. The drop in revenue has been expected of course. HTC hasn’t had a killer product to sell since their M8 a few years ago and they were struggling even before that.
Their current flagship, the M10, hasn’t been included in these estimates as its only just hit store shelves. Also excluded is the HTC Vive, which is not expected to have booming sales anyway due to its high price and niche audience.
The M10 does seem to have been well-received and pending a full review, we will admit that it’s an interesting phone indeed. HTC is expecting to “trim expenses” to reduce operating costs and has reportedly sold off land and property.
Engadget reports that the struggling company’s smartphone division is hoping to break even by Q3 2016 on the strength of the M10.
The report also adds that HTC’s Chief Financial Officer, Chialin Chang says that they’re not forecasting that they’ll break even by Q3, only that they aim to do so, internally.
HTC's revenue drops 64 percent from last year, hopes pinned on M10 and Vive for year ahead Tech2 Mobile