HTC reports that September revenue soared 117% sequentially

HTC reports that September revenue soared 117% sequentially
Thanks to shipments of the Pixel 2 to Google, HTC today reported September revenue of $6.51 billion New Taiwan Dollars (equivalent to $215 million USD). That was a 117% hike from the $3 billion New Taiwan Dollars in revenue (equivalent to $99.2 million USD) reported by HTC for August, when there were no Pixel 2 shipments made. This year, HTC is responsible for the Pixel 2, while LG built the Pixel 2 XL. Last year, both the Pixel and the Pixel XL were manufactured by HTC.

Since it delivered only one of the Pixel sequels to Google this year, it is no surprise that HTC's September 2017 revenues are actually down 30% on a year-over-year basis. That takes some of the steam out of the sequential gain from August to September. Still, HTC is reportedly working on a new handset that could extend the popularity of the HTC U11 flagship. The HTC U11 Plus is expected to come with a screen featuring edge-to-edge content and an aspect ratio of 18:9. That would put the phone in line with the LG V30, the Samsung Galaxy S8 and the Samsung Galaxy S8+. For the entire year-to-date, HTC has scored revenue of $46.3 billion New Taiwan Dollars ($1.4 billion USD). That is a 17% decline year-over-year. 

Despite the decline in revenue from last year, HTC will soon be in a much better financial position. Thanks to the recent transaction with Google, HTC will receive $1.2 billion when the deal closes early next year. In return for the financial infusion, HTC gave Google a non-exclusive license for a portion of HTC's intellectual property. Additionally, a number of HTC employees, many involved in the production of Pixel smartphones, are moving to Google as part of the deal.

HTC is staying in the smartphone business even though some believe that now would be the time for the company to focus on the HTC Vive VR headset. The company is said to be working on a version of the Vive that does not need to plug into a computer. The device, rumored to be named the HTC Vive Focus, is reportedly built around a reference design made by Google and Qualcomm.

source: HTC

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Pixel 2
  • Display 5.0" 1080 x 1920 pixels
  • Camera 12.2 MP / 8 MP front
  • Processor Qualcomm Snapdragon 835, Octa-core, 2350 MHz
  • Storage 128 GB
  • Battery 2700 mAh

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6 Comments

1. HugoBarraCyanogenmod

Posts: 1408; Member since: Jul 06, 2014

Without looking the article, I can simply guess that most HTC revenues come from Vive handsets. Available on Steam, PS4, and XBox one. Gamers' top choice despite overpriced

3. Nath4N

Posts: 29; Member since: Apr 19, 2014

derp...

2. haruken

Posts: 303; Member since: Nov 06, 2013

Someone just take them down already.

4. toukale

Posts: 599; Member since: Jun 10, 2015

Not going to happen anytime soon. Google just gave them a lifeline of over one billion dollars and took half of their workforce off their hands. That's even more saving for HTC because of what it would have costs in severance pay to offload all those people.

6. danny_a2005

Posts: 341; Member since: Oct 06, 2011

Why would that be a good thing? Moe choices the better for customers, If it would be only one brand, less innovation, no trends, some people just don't think when they talk

5. omnitech

Posts: 1131; Member since: Sep 28, 2016

If HTC only made a competent pixel 2 they would have received the pixel 2 XL business as well.

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