Another tough month for HTC as March revenues decline

Another tough month for HTC as March revenues decline
March was another tough month for HTC as the struggling smartphone manufacturer reported revenue of $127.57 million for the 31 days. That was a whopping 79.3% decline year-over-year. On a sequential basis, the drop in revenue was 1.34% from February's number. During the first three months of the year, HTC's revenue added up to $457.2 million, a drop of 64.31% from the same time period last year.

HTC will soon be unveiling its new flagship phone, the HTC 10. Based on a series of teasers, HTC says that this handset will offer the best camera ever found on a smartphone, and feature "flawless high-fidelity" audio. HTC plans to unveil the phone on April 12th.

Meanwhile, the company's VR headset, the HTC Vive started shipping this week. HTC has high hopes for the device, which sold $12 million worth of product in the first ten minutes that pre-orders were taken. The Vive should have a positive impact on April's revenue, with the HTC 10 playing a major role on the revenue reported for May.

source: Digitimes

Related phones

10
  • Display 5.2 inches
    2560 x 1440 pixels
  • Camera 12 MP (Single camera)
    5 MP front
  • Hardware Qualcomm Snapdragon 820, 4GB RAM
  • Storage 32GB, microSDXC
  • Battery 3000 mAh
  • OS Android 8.0 Oreo
    HTC Sense UI

FEATURED VIDEO

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.
FCC OKs Cingular's purchase of AT&T Wireless