HTC continues its decline through Q3 2015
The latest financial results from HTC for Q3 2015 show little hope for the Taiwanese smartphone maker, at least for the short to medium term. Published earlier today, the report emphasizes increasing losses for HTC despite direct actions from the manufacturer to prevent such drastic losses from happening.
Sales from HTC have almost halved compared to Q3 2014 from 1.172 billion Euros to just 599.02 million Euros in Q3 2015. Operating losses amounted to 137.16 million Euros. The results are so poor that the manufacturer simultaneously announced it will no longer provide financial forecasts. Therefore, its expected Q4 2015 numbers will be a complete mystery to the public.
“Given the dynamic nature of this business, we have decided not to provide that sort of detailed financial forecast,”said HTC CFO and sales manager Chialin Chang. HTC announced in August that it would layoff 15 percent of its workforce in the wake of restructuring strategies.
The HTC One A9 will have to do miracles to bring the company back on its knees, but analysts aren't entirely impressed by the device. HTC is also receiving criticism for the A9 design heavily resembling that on an iPhone.