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