HTC's February numbers show a 13-year low in revenue
HTC's tales of woe seem to be coming in spades these days. Over the past few months, the company has recorded constant declines in revenue. So ubiquitous are the drops in income that it's starting to feel like a curious case of deja vu. The company has announced its income numbers for February and, keeping with the recent trend, also records another drop—one that sees the company make the lowest it's ever made in a month, since 2005.
The company recorded earnings of US$89.3 million in February, down 23.24% from January, and down 44.04% from February 2017. According to market sources, the drop in revenue was due to a failing smartphone division. The company's VR arm posted steady sales but its smartphone division was unable to put up the required numbers.
HTC released the U11 EYEs in January, a device we had issues with due to its price tag. It looks to not have done well commercially, if the posted revenue numbers are anything to go by. Market analysts expect the Taiwanese company to record similar figures in March, but bounce back in April when the U12 goes on sale.