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

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