HTC posts financial results for August, revenue is 52% down year-over-year

HTC posts financial results for August, revenue is 52% down year-over-year
HTC's financial woes continue. After becoming essentially worthless to its shareholders and having its stock prices hit new anti-records last month, HTC just released its financial report for August. It's both short and everything else but pretty.

It was revealed that the consolidated revenue of HTC for August alone was NT$6.89 billion ($213 million), which is some 6.99% less than the revenue acquired throughout the month before (July). 

Additionally, HTC's August 2015 performance is 52.62% worse than its August 2014 one, when the company got hold of NT$14.5 billion ($449 million) in consolidated revenue. Still, it seems that HTC might meet its revenue goal for Q3 2015 (which is NT$19-22 billion) if it performs similarly this September.

Certainly, the high-ranking management over at HTC's HQ is aware of the problems the company is facing. As a result, a change in the company's product portfolio is expected later this year - the upcoming "hero" phone will certainly be imbued with HTC's hopes of turning the tides, but would this be enough to help it get back on its feet?

source: HTC via DiGiTimes

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60 Comments

1. Youraveragejoe

Posts: 134; Member since: Oct 31, 2014

Once a product dies, it remains dead.

3. arch_angel

Posts: 1651; Member since: Feb 20, 2015

Not True. There's Still Hope They Just Need A Hero Device To Prove They Still Got It. But One More Screw Up Really Might Put The Last Nail In The Coffin.

18. Mxyzptlk unregistered

That was said about the M9.

19. Finalflash

Posts: 4063; Member since: Jul 23, 2013

No they're dead, no hero device can save a company from incompetent management. Likely, there will be a culling of engineers and lower level management while marketing and the top of the ladder will remain untouched. Then they'll sell the company to someone for pennies and call it a success.

63. engineer-1701d unregistered

there are too many android makers out there they dont innovate other then the speakers, so they got passed shame i remember the diamond htc and the wow factor from them.

67. gsg97115991

Posts: 16; Member since: Aug 26, 2015

No way! HTC will not going down..

33. QWERTYphone

Posts: 654; Member since: Sep 22, 2014

This is what HTC deserves for losing their identity, ditching the QWERTY slider and removable batteries, just to try to be a cheap Apple clone. Bring back a QWERTY slider and removable battery, while keeping the metal build, add a 1 touch fingerprint scanner, top specs, and I'llbuy another HTC. This is from a owner of a HTC 6700, 6800, Touch Pro. Touch Pro 2, and a Evo Shift.

43. roldefol

Posts: 4744; Member since: Jan 28, 2011

There aren't enough potential buyers of high end QWERTY sliders to save HTC. Their identity was lost when they failed to come up with a unified flagship series back in 2010 or 2011. Sprint had the EVO, Verizon had the Incredible, the TBolt, AND the Rezound, T-Mobile had the Sensation... They needed the One line back then.

62. engineer-1701d unregistered

yup look at bb and microsoft phone or whatever its called, i bet they wish they put out a watch when the rumors went around

2. danielxxi

Posts: 183; Member since: Feb 13, 2013

if HTC fix the overheating and camera problem on M9, M9+, E9, and now A9 is not necessary, and HTC midrange phone is expensive compared to other manufactures with less features and uncertain updates

56. gaming64 unregistered

It's not the overheating issue but how they oversaturate the market with phones that aren't even worth buying. All the potential they earned only to be wasted on this.

4. Neros

Posts: 1016; Member since: Dec 19, 2014

HTC is dead folks. Just face it. Only samsung makes good money on android and xiaomi. Sammy earns 33 dollars per phone, lg 0.016. This is pathetic. The market is oversaturated, but sammy has decent hardware to make their offer attractive, unlike other manufacturers who build their phones from the same components as Chinese brands do. So htc hets shat on in the EU and USA by samsung and by xiaomi in Asia. RiP htc, and your sh*tty cameras. This what you get for not satisfying your customer needs.

16. nctx77

Posts: 2540; Member since: Sep 03, 2013

I guess you didn't get the news about Samsung yesterday.....

17. arch_angel

Posts: 1651; Member since: Feb 20, 2015

What News?

20. Mxyzptlk unregistered

A recent article that shows no one makes money on Android.

21. Shocky unregistered

That's not what it showed, read it again.

41. Mxyzptlk unregistered

No you go back and read it again.

53. Shocky unregistered

Once was enough for me, clearly it wasn't for you. Some manufacturers are still making money, just nowhere near the level of Apple.

26. roldefol

Posts: 4744; Member since: Jan 28, 2011

Except Samsung. They don't make Apple-type profits, but $33 per Galaxy S device sure beats losing money like the others.

39. j2001m

Posts: 3061; Member since: Apr 28, 2014

I think the problem with the that is it's the average price they make, I.e. They make way more on the better models and a small level on the cheap phones, this all adds up to $33

40. roldefol

Posts: 4744; Member since: Jan 28, 2011

I thought the article was specifically talking about flagships. So between the Galaxy S and Note lines, they make that average profit. Compared to Apple pulling in $170 on the 6 and 6 Plus, LG making pennies on the G line, and HTC and Sony losing money on One and Xperia Z.

27. BobbyDigital

Posts: 2125; Member since: May 29, 2014

That's not what it said. Stop trolling. Its amazing you never get tired of trolling. Or being wrong. Besides, they can't all be Apple and bully the carriers while @$$ raping the consumer.

42. Mxyzptlk unregistered

You're wrong, as usual. You're a shill if you think the carriers don't deserve to be bullied and you want to Talk about the consumer getting raped.

45. BobbyDigital

Posts: 2125; Member since: May 29, 2014

As ususal, your "no, you" response. So lame. Actually, you are the wrong one here. No one does a good @$$ raping of the consumer like Apple does.

52. Mxyzptlk unregistered

See comment #44. As usual, you resort to your usual childish response. So lame and predictable.

65. BobbyDigital

Posts: 2125; Member since: May 29, 2014

As usual you resort to childish and idiotic trolling of anything that isn't Apple. Spreading lies and misinformation all across PA. So lame and predictable.

37. kanagadeepan

Posts: 1269; Member since: Jan 24, 2012

Apple making too much money means their customers are ridiculously over-paying..

44. roldefol

Posts: 4744; Member since: Jan 28, 2011

And what incentive has Apple to change its pricing structure? You charge what people are willing to pay. That's not a ripoff, it's Econ 101: supply and demand.

34. QWERTYphone

Posts: 654; Member since: Sep 22, 2014

Samsung is DEAD to me due to non-removable batteries, fragile construction, and not QWERTY slider like the ORIGINAL galaxy Epic..

48. keithtae

Posts: 564; Member since: Mar 25, 2015

Dead to you? It's so alive to me. Still waiting for my s6edge plus.

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