HTC is still losing money but at a slower rate compared to previous quarters

HTC is still losing money but at a slower rate compared to previous quarters
HTC has posted its financial results for Q3 2016. 

While the company is still in the red, the new financial report shows that HTC is making some progress in terms of both total revenue and operating margin.

For the September quarter, HTC's total revenue stood at NTD 22.2 billion (USD 700 million). That's an improvement of 18% quarter-on-quarter and 4% year-on-year, but it still was not enough to stop the money loss. During Q3 2016, HTC posted an operating loss of NTD 2 billion (USD 63 million) at an operating margin of -9%.

While HTC's return to profit may have to wait for another quarterly report, the company is showing signs of progress, as the operating margin stood at -23.1% a year ago.

HTC says that the HTC 10 and the HTC Vive were the main drivers behind the progress that the company is making in terms of financial performance. Unfortunately, the company did not break down the numbers.

Looking into the future, this next quarter might turn out to be a winning one for HTC. This new financial report doesn't include a potential commercial success from the Google Pixel.

HTC is also hoping to create another revenue stream; the company has recently launched a VR content store called the Viveport. While HTC's Viveport may not turn out to play in the same cash cow league as the Google Play Store or Apple's App Store, chances are that it won't hurt HTC's bottom line in the upcoming quarters.


source: HTC

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11 Comments

1. AllFanboysMatter

Posts: 206; Member since: Feb 14, 2016

Pretty safe to say why HTC is losing so much money. They build very tacky phones that just are never capable of selling . The CEO has no direction, and this is very easily reflected through their mediocre leadership team. When the leadership team is clearly not on the same page, you start to see mistakes that HTC makes. For instance: why did they come out with an iPhone clone? What would make any company want to create an exact rip of a competitors phone. Not only is this cheap, this just isn't something that a company of HTC's size should ever do. Does anybody else remember a time when HTC was going head to head with Apple on the touchscreen phones, and they actually seemed to gain some ground by offering very capable products that no one has ever seen before? It was one of the first true competitors of the iPhone, but then all of a sudden they starting losing ground year after year once other companies like Motorola and Samsung started catching up quick. So, who fell asleep at the wheel? They were far ahead of their competitors but just seemed to give up, thinking that their designs weren't innovative, while they were. I feel like when companies in the mobile space lose confidence, they just go into this depression state and feel the need to start copying competitors, while they should just be ready to compete more and regain the position they once had. It's so sad to see HTC make nothing but crap for the last couple years with exception to the HTC 10. But, I just see no marketing push or anything to get this In the hands of consumers. This is the area in which it would be smart to look at Samsung, Apple, or Google. Have you guys seen the new pixel ads? I don't even particularly want one but the ad made me want to look into it further. This is exactly what HTC must do to survive. We also see how Samsung is kind of the cool mobile maker, too bad their products are widely considered unsafe to use so I won't touch it with a 1156122412 foot pole. Not trying to lose my fingers LOL. Anybody else have any suggestions as to what HTC must do to keep pushing? I'm running out of answers, but I guess it's good that their losses have slowed down most recently. My only question is how long could this possibly last if they simply keep copying their competitors? Perhaps it's time to hire an outside consulting firm. I truly am one to believe that most of the companies with struggles have plenty of tools and the right tools in their bag, they simply don't know how to use them. Can you imagine if HTC gets inventive again and starts experimenting with various types of products? this is the htc we know, and it should be the htc they want to be. They just need to get the big picture again and all will be fine. C'mon HTC - Make your phones great again! You have Phonearena's support : - ))))))

2. Finalflash

Posts: 4063; Member since: Jul 23, 2013

Why don't you send this business report to htc cause no one is going to read it here.

4. ebilcake

Posts: 1227; Member since: Jul 16, 2016

It's the Anti-Samsung version of Techie, if they come together we're all doomed.

6. truthwins unregistered

Lmao!!

8. bassembm

Posts: 143; Member since: Dec 27, 2015

same style long essay

10. JunitoNH

Posts: 1946; Member since: Feb 15, 2012

It might be his spli personality. That was a long winded response.

7. truthwins unregistered

Htc just hire this guy quickly, he is the intelligent version of techiexp

3. ebilcake

Posts: 1227; Member since: Jul 16, 2016

HTC are a lost cause. Good devices, but they cost too much. Also the treat other markets like crap with cut down specs and still charge the same premium price.

9. nedimko_wot

Posts: 115; Member since: Oct 01, 2016

htc is dying very painful and slow death

5. Plasticsh1t

Posts: 3100; Member since: Sep 01, 2014

Maybe in the future Google will buy HTC and make them in the top of the market.

11. uzimafioso

Posts: 469; Member since: Jul 15, 2014

And later sell them to Haier or something... No thanks!

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