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HTC trimmed year-over-year losses by 50% in Q1
The numbers are in and it looks like Q1 of 2017 wasn’t kind to HTC. The company has released is quarterly earnings report showing NT$14.5 billion ($479 million USD) in revenue for the quarter and an operating loss of NT$2.4 billion ($79 million USD). The revenue figure is only down 1.75% YoY, but HTC managed…
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HTC sells another manufacturing plant to boost its VR business
HTC has announced that it will selling its manufacturing facility in Shanghai for 630 million yuan ($91.17 million USD) to an undisclosed Chinese company. The company plans to use the cash from the sale to bolster its HTC Vive business unit since HTC is running low on cash after posting losses for the past seven…
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HTC U Ultra, U Play sales expected to boost HTC’s revenue by 30%
HTC’s monthly revenue is expected to jump 30% this month. The reason: the global launch of the HTC U Ultra and HTC U Play. The two smartphones were originally introduced in mid-January and went on sale in Taiwan in early February, but the phones didn’t go on sale in Europe until the first of this…
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Report suggests HTC will be making smartphones for other companys
HTC may be gearing up for a strategy change. According to Wave7, HTC’s restructuring within the US could indicate that HTC is planning to a return to its ODM roots. HTC started out as an ODM, building smartphones for dozens of different companies. But the company changed things up right before Android made its initial…
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HTC’s Q4 report shows improvements to its bottom line despite a decrease in revenue
Let’s start things off by getting the numbers out of the way. HTC has released its earnings report for Q4 of 2016 which shows revenue of NT$22.2 billion with gross margin of 10.5% and a net loss of NT$3.6 billion. Compared to 2015, revenue for the quarter was down 13.6%. And to make things worse, it…
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November was HTC’s third-best month in 2016
For the month of November, HTC was able to pull in $240 million (7,670,000,000 NT$) in revenue. The figure is 25% lower than what HTC posted in November of 2015, but November was also HTC’s third-best month in 2016. While year-over-year declines in revenue are never good news, HTC has dramatically reduced overhead costs and…
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HTC denies it’s planning to sell its smartphone business
HTC’s fate has seemingly been in limbo since the middle of 2015. Over the past 18 months, HTC has not to post a profit in its 6 most recent quarters. While HTC still has cash on hand to keep the keep its production lines humming, fewer and fewer people have been compelled to pick up an…