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