HTC stops the bleeding for March revenues

HTC is still in the doldrums business-wise. The VR business is humming along, but Vive can’t save the company from what its next flagship smartphone might do — and it might need all the saving it can get if brand apathy remains.

As it is a Taiwanese company, it reports revenues by the month. For the month of March, there’s good news and bad news. The good news is that with NT$2.8 billion (US$95 million), the company increased revenues from February by 6 percent. The bad news? The number is down 47 percent from 2017 and it wraps up the first quarter with an overall decline of 44 percent to NT$8.8 billion — that’s the lowest quarterly number in 16 years.

Digitimes reports from sources that the company has internally forecast more than NT$10 billion in revenues for the second quarter, especially as the HTC U12+ gets out to consumers.

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Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.