HTC Revenues Down 44% YoY, Lowest In 13 Years
HTC has posted a 23.24% drop in consolidated revenues for the month of February – a 44.04% year-on-year (YOY) decline, notably the lowest result in thirteen years.
For the month, consolidated revenues notched US$89.3 million.
According to Taiwanese trade publication, DigiTimes, HTC’s sales of VR (virtual reality) cameras remained relatively steady during the month. The company claims its results were dragged down by the absence of new smartphones released to the market.
The company reportedly forecasts similar results into March, with a rebound expected in April, alongside the release of its new HTC U12 smartphone and Vive Pro HMD VR.
Combining both January and February 2018’s results, HTC’s revenues are 35.5% lower, versus the same period last year.