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HTC revenue falls 60% in October, all hope in the future

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HTC revenue falls 60% in October, all hope in the future
HTC has posted its sales for October, and things don’t look good. Revenue dropped by a disappointingly huge 60% from around $1.5 billion ($NT 44 billion) in October 2011 to merely $588 million ($NT 17.2 billion) this October.

HTC is already falling short of its own goal to reach $NT60 billion revenue in the Holiday quarter, but there is still some chance that the company might come back in the last two months.

The Taiwanese phone maker is placing all bets on the HTC Windows Phone 8X and 8S, and HTC One X+ in Android land. Even Microsoft gave its backing to the 8X, featuring it up and front on its Windows Phone portal, but the WP platform still lacks traction. The One X+ sounds great on paper, but it is facing competition from the now cheaper Samsung Galaxy S III and the ever popular iPhone 5.

It will be tough for HTC, and hopefully they bring their 5-inch 1080p monster phone rumored to land on Verizon as the HTC Droid DNA sooner.

source: HTC

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