HTC November financials show small gains on October, year still way down
How long can HTC really hold out with its finances like they are? We’ve been talking a lot about this lengthy slump the company’s found itself in, leading up to last quarter, when HTC posted an uncharacteristic loss. More than just a temporary setback, analysts have suggested that HTC’s fortunes will continue to degrade, and after a disappointing fourth quarter, we might have a whole year of lower-than-normal sales to look forward to. Well, it’s still too early to say how much of that prediction will be correct, but today we get a bit of preview at those Q4 figures, and they’re not looking too hot.
The good news: HTC’s revenue is up slightly over the course of November, compared to October’s activity. Last month the company brought in about $522M, up 3.2% from October.
Problem is, those October numbers were rubbish to begin with – when we look at this November’s performance compared with November 2012, revenue’s down a depressing 27.1%.
Still, there is hope that all those reports of doom and gloom may have been premature. For instance, we heard that HTC could only ship 3.5 million phones this quarter. Instead, analysts reacting to these new figures today have been saying that HTC’s performance looks like it’s on-track to hit shipments of 5.2 million handsets for the quarter, a much more respectable figure.