HTC

HTC had a really bad holiday quarter

HTC had a really bad holiday quarter
HTC has recently sold 2,000 of its engineers towards Google to work on Pixel phones in a massive exchange of talent worth $2 billion, but what is actually happening with the company besides that?

HTC has now reported its financial results for the 2017 Holiday quarter and unfortunately the results are not great, as HTC revenue stayed flat and the company continued losing money.

Here is a quick overview of HTC's financial results for the past quarter:
 
  • Quarterly revenue of NT$15.7 billion (~$540M) with gross margin of -30.8%
  • Quarterly operating loss of NT$9.6 billion (~$330M) with operating margin of -60.8%
  • Quarterly net loss after tax: NT$9.8 billion (~$337M), or -NT$11.93 (-$0.41) per share

Keep in mind that the Holiday quarter is traditionally the strongest one for phone makers as this is the time when people are buying new phones in highest volumes. Even this has not helped HTC much, though.

HTC attributes the loss to “market competition, product mix, pricing, and recognized inventory write-downs”, so you basically have the same serious issues all across HTC's business persisting.

One bright spot that is not reflected in this quarterly report is the $1.1 billion that HTC will get from the deal with Google. The company says it will use the cash infusion for “greater investment in emerging technologies” that the company thinks are key to its future.

HTC is also promising fresh innovations this year and we suspect it refers to the upcoming HTC U12+. Here is all we know about HTC's upcoming next flagship phone.

source: HTC Financial Report (PDF file)

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8 Comments

1. fyahking

Posts: 1146; Member since: Jan 28, 2015

Haven’t had an htc since th one x. That phone was horrible on battery life.

2. cncrim

Posts: 1588; Member since: Aug 15, 2011

It is their fault get them here.

3. T12RYK

Posts: 849; Member since: Jun 10, 2011

My last HTC phone was the HTC Hero. I loved the phone (chin and all) but it was soo slow and getting Android updates was just not worth the wait. Been using an Apple iPhone's since then but always liked HTC phones, just enough to risk buying them and suffering with the software...

4. haikallp

Posts: 319; Member since: Feb 10, 2012

I think it's too late for HTC already, tbh. Such a pity. Loved thier phones, back in the day.

5. DurTeeDee

Posts: 151; Member since: Sep 05, 2014

Man its ALMOST AS IF, IF YOU DONT SELL YOUR PHONES THROUGH ALL MAJOR CARRIERS YOU WILL SELL LIKE CRAP IN THE US, I know I wont switch to Sprint for an HTC device, put it on all four.

6. PryvateiDz

Posts: 444; Member since: Jul 31, 2011

Customer service is horrible, I'm not surprised.

7. CEDEOTB

Posts: 437; Member since: Nov 21, 2016

They don't want to listen to what the consumers want, so this is what happens.

8. antroid

Posts: 392; Member since: Jan 24, 2018

I really don't like to write this comment, buy I think someone should buy them already it's clearly the management of that company doesn't know what they are doing

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