Home > Communication > HTC Revenues Down 76% Year-On-Year

HTC Revenues Down 76% Year-On-Year

Embattled Taiwanese smartphone maker, HTC, has continued to report a drop in earnings, with February unaudited consolidated revenues slumping 76% year-on-year to NT$625 million.

[HTC]

It’s said to be amongst HTC’s lowest revenue results since listing on Taiwan’s stock market in 2003.

For the first two months of 2019, total revenues notched NT$1.63 billion – a 72.8% decline versus the same time a year ago.

According to Taiwanese trade publication, DigiTimesHTC expects to see sales rebound in Q2Y19, citing shipments of its first blockchain-powered smartphone, the ‘Exodus’ in March 2019.

Launched in early December, HTC claims it sold out the first batch of Exodus phones, with no unit numbers officially provided.

The Exodus phone is considered a world first, boasting a universal wallet for cryptocurrency and decentralised apps (read more here).

As previously reported, HTC has also inked deals with several global telecom operators for new 5G mobile smart hubs. Telcos include Telstra in Australia and Deutsche Telecom in Germany.

You may also like
Microsoft Q4 Revenue Up 12%, Xbox Slumps
Macquarie MVNO Takes On Boost Mobile Refurbished Phones
David Jones Slash 120 Jobs
Senior Harvey Norman Exec Quits
Amazon Investigated Over Seller Data Misuse