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HTC posts record losses as of Q4 2015

HTC posts record losses as of Q4 2015
HTC posts record losses as of Q4 2015
Sales down by almost half during the last quarter resulting in losses of about 91.82 million Euros.

HTC is now deeper in the red according to its latest financial results ending December 31, 2015. The company amounted to a total revenue of 121.7 billion Taiwanese Dollars (3.29 million Euro) for all of 2015 compared to 187.9 billion Taiwanese Dollars (TWD) in 2014 to represent a drop of more than 35 percent.

Following a small profit of 1.48 billion TWD in 2014, the manufacturer is now down 15.53 billion TWD. Net sales as of Q4 2015 are also down by almost 50 percent to 25.7 billion TWD leading to a net loss of 3.4 billion TWD for the same quarter.

HTC CEO Cher Wang continues to be optimistic despite the company's financial difficulties. Wang is reminding the public that both the Desire series and the One A9 smartphone have been well received. The company is also looking to be an innovator and leader in the field of virtual reality and connected devices. The HTC Vive will work directly with Steam and is widely expected to launch sometime this year to compete with Oculus, Sony, and others during the Holidays.

Nonetheless, a short term turnaround for HTC remains unlikely. Its unaudited Q1 2016 revenue is at 6.48 billion TWD compared to 12.27 billion TWD a year earlier, representing a decline of approximately 47 percent.

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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2016 02 > HTC posts record losses as of Q4 2015
Ronald Tiefenthäler/ Allen Ngo, 2016-02- 4 (Update: 2016-02- 5)
Allen Ngo
Allen Ngo - US Editor in Chief
After graduating with a B.S. in environmental hydrodynamics from the University of California, I studied reactor physics to become licensed by the U.S. NRC to operate nuclear reactors. There's a striking level of appreciation you gain for everyday consumer electronics after working with modern nuclear reactivity systems astonishingly powered by computers from the 80s. When I'm not managing day-to-day activities and US review articles on Notebookcheck, you can catch me following the eSports scene and the latest gaming news.