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HTC Source | October 24, 2017

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HTC posts a $138 million loss in Q3 as revenues continue to decline

HTC posts a $138 million loss in Q3 as revenues continue to decline

With the wrap up of the third quarter, HTC has announced that it failed to make a profit between July and September. Revenue for the quarter came in at NT$21.4 billion, a 49% drop when compared to the third quarter of 2014 when HTC’s revenue reached NT$41.9 billion. The dramatic decline in revenue resulted in a new loss of NT$4.48 billion (US$138 million) for the quarter.

The numbers HTC shared were not shocking as HTC issued a quarterly earnings projection earlier in the quarter. HTC is also undergoing a massive internal reorganization which will cut nearly 15% of HTC’s entire workforce. Since the reorganization was announced in August, the full financial impact of the changes will not likely be felt until the fourth quarter or even the first quarter of 2015.

But there is a glimmer of home on the horizon for HTC. The upcoming launch of the HTC One A9 may be the first step on HTC’s road to recovery. The phone isn’t expected to blow away the competition, but it will be a beautifully crafted mid-range device, backed by a significant marketing campaign – something that was missing with the launch of this year’s flagship One M9. If HTC can generate significant interest in the phone and secure availability at service providers across the globe, the HTC One A9 may turn into the best-selling HTC phone of 2015.

Source: WSJ

About Nick Gray

Tech enthusiast, Android user and founder of the first HTC blog – Nick Gray has been blogging about HTC phones before most people knew what a smartphone even was. Over the years Nick has owned and tested dozens HTC devices and is constantly flashing new ROMs to his Android phones.

Comments

  1. Kwadwo Boadu

    I think there must be something the shareholders know that we don’t, because the shares have slowly been going up over the last 2 weeks. The VR event could, alongside the launch of the One A9, be the launch of the the Vive and maybe something with a similar camera set up to the new HTC One M9+

    • neo905

      Dead cat bounce.

      • Jeans

        Not yet. Lol I also sit on shares not HTC though.
        Anyway most of people could lose plote and patience.
        The last Butterfly and Plus plus plus ++ for same market and not US and Europe.
        What is it?
        I am ready buy new HTC but no they dont want money.
        Maybe they wanted keep it quiet only for theirs market but media made it wide known.
        Nothing for us but new devices coming from apple, samsung or lg.

  2. Jeans

    Instead 2 new phones for one market would be better 1 for Taiwan and 1 for rest of the World.
    Even if only camera changed.
    Nihil novi sub sole that they issued 2 phones per year.