HTC’s monthly revenue report is in: March finished on a positive note
HTC’s financials aren’t anywhere near where they need to be, but the company did manage to close out the month of March on a positive note. The company pulled in 5,197 million NT$ in revenue for the month – 25.4% more than it did in March of 2016. The uptick in March follows the 11.7% YoY revenue increase HTC posted in February.
HTC won’t be sharing is officially Q1 financial report for another month and a half, but the revenue numbers for the three months show that HTC pulled in a total of 14,541 million NT$ during the first three months of the year. That figure is 1.75% shy of what they managed in Q1 of 2016. Since HTC claims to have reduce its overhead expenses since last year, net income should be better than the -4,800 million NT$ HTC lost last year during the same quarter.
We also have to consider that the launch date of the HTC U (Ocean) will have a positive impact on HTC’s Q1 net income. Since HTC’s 2017 flagship smartphone won’t be available until mid to late May, HTC has likely minimized its expenses for manufacturing the phone in Q1. Most components and manufacturing costs will be shifted to Q2 – the same quarter that the phone will be made available to the public.
While we know a lot about the HTC U, there are still a lot of unanswered questions on the table. Do you think the HTC U will be the phone that will finally put an end to HTC’s decline in the smartphone market?