HTC closes out October with a 60% drop in revenue
HTC has released its revenue numbers for the month of October, revealing a 60% decrease over the same month last year. In total, HTC’s revenue for October came in at $NT 17.2 billion ($588 million), substantially lower than the $NT 44 billion ($1.5 billion) the company reported last year.
At this point, it’s hard to find any positive spin on the numbers. HTC has been in a downward spiral for a full year with no signs of recovery. We are hoping that HTC’s Windows phone 8 lineup can help the company stabilize its position in the smartphone segment, but it looks like Samsung has become a dominant force which is pushing all of its competition up against the wall.