HTC ends its seventh consecutive year of shrinking revenue with a terrible December result
It should come as no surprise that the latest monthly, quarterly, and yearly earnings scores are all down substantially for the long-struggling maker of the world’s first-ever Android smartphone.
There’s no glimmer of hope in sight either, as HTC generated 66.36 percent less revenue in December 2018 compared to the final month of the previous year. We’re talking a microscopic unaudited consolidated figure of NT$1.35 billion, equating to around $44 million, which contributed to a 2018 tally of NT$23.74 billion ($770 million).
HTC’s yearly sales total is thus lower than Apple’s average daily income (during a not-so-stellar quarter), comparing unfavorably even to the quarterly earnings of LG Mobile, another company that’s been having trouble making money off smartphones.
Worse yet, HTC’s December 2018 revenue result was also 8 percent lower than its already terrible November score, despite the year-end launch of the mid-range Desire 12s and blockchain-powered Exodus 1.
Speaking of quarterly results, it’s interesting to note HTC’s October - December 2018 total is actually up (barely) from the July - September period. It’s obviously also down (massively) from Q4 2017.