Notification Center

This is our new notification center. Inside, you will find updates on the most important things happening right now.

Notifications

Hmm, push notifications seem to be disabled in your browser. You can enable them from the 'Settings' icon in the URL bar of your browser.

www.phonearena.com
Black Friday deals
Catch limited-time Black Friday deals on tech before they are gone!

HTC shows little sign of recovery as November revenues decline over 70%

3
HTC shows little sign of recovery as November revenues decline over 70%
The HTC U11

Right on schedule, HTC has today published its unaudited revenue report for the month of November and, after a quick look at the results, it’s fair to say that it contains no surprises.

For the period ending November 30, HTC’s revenue totaled $47.67 million. This figure actually represents a slight increase of 12.75% over the $42.63 million earnt in October, which is always a positive sign. But, rather unfortunately, it wasn’t enough to avoid a massive year-on-year drop. In fact, November was the third consecutive month with an annual decrease of over 70% with a change of -73.98% – HTC earnt $182.5 million in November 2017.

By this time last year, the Taiwan-based company’s revenues sat at $1.882 billion putting the brand firmly on track to hit the $2 billion mark by the end of the year. In 2018, though, HTC’s revenues currently total just $725.3 million, a whopping 61.47% less than last year. This means that, unless a massive miracle happens during December, HTC will miss the $1 billion mark for the first time in over a decade.

Although HTC’s smartphone business shows no sign of recovery, the company did recently partner up with Sprint in the hope of creating a 5G mobile smart hub. This device isn’t expected to be an outstanding success but it could provide a much-needed boost to revenues in early 2019.

New reasons to get excited every week

Get the most important news, reviews and deals in mobile tech delivered straight to your inbox

FCC OKs Cingular\'s purchase of AT&T Wireless