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HTC One A9 boosts HTC monthly revenue to 6-month high
HTC’s monthly numbers are, showing a 15% increase in revenue over October. Total revenue for the month reached NT$10.29 billion ($314 million USD), the highest number we’ve seen from HTC in six months. As with November’s revenue numbers, the increase is mainly attributed to sales of the new HTC One A9 which made its way…
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HTC’s month-over-month revenue jumps 26%
After months of languishing revenue reports, HTC has finally hared some positive news. HTC’s revenue for the month of October came in at NT$8.95 billion (roughly $276.8 million USD). While the revenue number is 43.2% lower than what HTC posted during October of 2014, it represents a 25.92% month-over-month increase and is the highest monthly…
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HTC to no longer issue earnings guidance, will leave projections up to analysts
To combat the “side effects” of missing its own quarterly guidance, HTC will no longer be providing quarterly earnings guidance. HTC has always issues earnings guidance on its quarterly earnings calls, giving investors an idea of how much money the company is planning to make or lose over the next three months. Historically, HTC has…
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HTC cutting 15% of its workforce in an attempt to end its downward spiral
Following last week’s disappointing revenue numbers for July, HTC has announced today that the company will cut its workforce by 15%. The internal reorganization will leave more than 2,000 HTC employees jobless. HTC has not announced how quickly the jobs will be eliminated, but it is in HTC’s best interest to move as quickly as…
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HTC stock flatlines following revised Q3 earnings projections
A day after HTC announced that the company is planning to lose NT$5.51 to NT$5.85 per share during the third quarter, HTC’s stock has taken a nose dive. The stock price flatlined at NT$63, a 10% drop from the previous day. With HTC’s stock trading at NT$63, its market capitalization has been lowered to $1.65 billion US dollars. HTC…
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HTC announces plans for job, product cuts with disappointing July sales numbers
This morning, HTC announced that July’s unaudited revenue came in at NT$7.41 billion, bringing total (unaudited) revenue from January through July of NT$81.94 billion. The revenue numbers for July are 14.65% lower than what HTC posted in June and a 30.15% drop when compared to July of 2014. While we had hoped that HTC’s declining revenue would…
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Rumor: Qihoo 360 to invest $661 million for a 31.5% share of HTC
Citing sources at international securities investment houses, it.sohu.com is reporting that Qihoo 360 may be planning to invest $661 million into HTC by purchasing a 31.5% share of the company. Qihoo 360 is an internet services company which specializes in freemium desktop and mobile security apps. While Qihoo 360 posted $1.39 billion in revenue and…