HTC's June figures show a brutal two-year low in revenue
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Just last week, word from reputable sources confirmed that HTC is set to lay off 1500 workers from its manufacturing unit in Taiwan, a move that likely spells the first step towards the company's death—or of its mobile division, at least. That move is indubitably influenced by the company’s dwindling revenue, of which June’s marked a two-year low.
According to publicly released sales number for the month of June, HTC recorded an incredibly underwhelming US$72 million in revenue, down 68% from the same period last year. May’s numbers were already bad enough at US$80.5 million, but June took things even further down muddy waters.
HTC stock has reportedly fallen 30% since the start of the year, a drop that comes as a result of the company’s failure to release a successful mainstream smartphone over the past two years. The company kicked off the year with the U11 EYEs, and followed it up with the Desire 12 devices—all three being devices we had major gripes with. The U12+ flagship was a much better offering but has failed to set the world ablaze since it was launched.
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