HTC

HTC breaks anti-records, hits a 13-year old financial low

HTC breaks anti-records, hits a 13-year old financial low
HTC continues falling deeper and deeper into the financial hole following another monthly revenue drop, setting a 13-year low in the process.

How much exactly did the revenue drop? Well, HTC made $89.3 million in revenue for February 2018, which is 23% lower than January ($109.83 million) and 44% lower than February, 2017 ($128.59 million).

The reason behind the drop could be the limited availability of HTC's most recent device – the U11+, which skipped a few important markets like the US, resulting in less sales. Тhe revenue lows will probably continue in March, but the situation could get better in April, when the HTC U12 is expected to come out.

Worth noting is that although the revenue drop has been quite significant, HTC's VR sales have remained steady. Virtual reality products might indeed bе HTC's future, as the company has already sold a major part of its mobile division to Google.

source: Digitimes

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