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HTC's February 2020 earnings report is a potentially somber read

HTC's latest phone, the Wildfire R70. (Source: HTC)
HTC's latest phone, the Wildfire R70. (Source: HTC)
HTC has released an outline of its latest earnings. This performance pertains to February 2020, and shows that the company's revenues are down nearly 33% year-on-year (YoY). Similarly, the OEM's total revenues have decreased by ~45% compared to the first 2 months of 2019.
Deirdre O Donnell,
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HTC has let its investors know that it made a total of 419 million new Taiwanese dollars (NTD) in revenue for February 2020. This may sound impressive, until one realizes that this is equivalent to US$13.96 million, and, more importantly, is 32.96% down YoY. 

Similarly, HTC made 478 million NTD (~US$15.94 million) in January 2020, whereas it made nearly 1.01 billion NTD in the same month of 2019. This represents a decrease of 52.43% YoY. In addition, the formerly popular smartphone OEM's total revenues for 2020 thus far are down 44.97% YoY.

Indeed, this brand was once the go-to for those who valued cameras, audio or both in their Android phones. Now, it seems all but ready to recede from this market altogether. Its latest mobile device, the Wildfire R70, appears to reflect this possible indifference in its specs.

Then again, this phone is a decidedly budget device: it has triple rear cameras, albeit with a relatively low array of resolutions: 16MP+2MP+2MP. The R70 does have a decently-sized 6.53-inch waterdrop-notched display; however, it is of a HD+ nature.

Finally, this 2GB MediaTek Helio P23-powered phone, despite having been introduced in the same month referenced in HTC's latest earnings statement, has Android 9.0 (Pie) out of the box.

HTC outlines its revenues for 2020 so far. (Source: HTC)
HTC outlines its revenues for 2020 so far. (Source: HTC)

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Deirdre O'Donnell
Deirdre O'Donnell - Senior Tech Writer - 3824 articles published on Notebookcheck since 2018
I became a professional writer and editor shortly after graduation. My degrees are in biomedical sciences; however, they led to some experience in the biotech area, which convinced me of its potential to revolutionize our health, environment and lives in general. This developed into an all-consuming interest in more aspects of tech over time: I can never write enough on the latest electronics, gadgets and innovations. My other interests include imaging, astronomy, and streaming all the things. Oh, and coffee.
contact me via: LinkedIn
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2020 03 > HTC's February 2020 earnings report is a potentially somber read
Deirdre O Donnell, 2020-03- 9 (Update: 2020-03- 9)