The official numbers are in – HTC’s net profit for Q4 of 2015 was -NT$3.4 billion (-$101 million USD) on NT$25.7 billion in revenue. HTC’s negative numbers will further deplete the company’s dwindling cash reserves, but there is a silver lining. HTC’s cost cutting measures are starting to pay off. Based on the company’s current trajectory, HTC could be back in the black by the end of the first quarter is they manage to increase revenue past NT$35 billion. It may sound like a long shot, but it should be easily achievable with the launch of the UA HealthBox and the pre-sale of the HTC Vive which is scheduled to kick off at the end of this month.
“Leveraging our core strengths of design, engineering and manufacturing excellence, our evolution into virtual reality and connected devices has positioned us as innovation leader in each sector. We are fully confident in delivering on our promise to enable consumers to pursue their own brilliance across all of our product groups.”
-Cher Wang
With the launch of the HTC One M10 not expected until March, HTC will likely see higher production costs during the last month of the first quarter with increased revenue for the first round of shipments not coming in until April. It feels like we’ve been saying this for years now, but HTC may finally to turning the corner and may soon find its new balance thanks to its diversified product portfolio.
