HTC reports declining revenue in July
HTC has hit a lull in its 20 year history. It posted a 9% decline in revenue in April and July wasn’t any better – revenue for the month was $205 million (NTD 6.2 billion), down 10.16% compared to the previous month. Still, the yearly decline is a comparatively small 2.06%.
However, a string of bad months is starting to add up to a bad year. For the first seven months of 2017, HTC took in $1.22 billion (NTD 36.86 billion) in revenue, down 7.85% compared to the same period in 2016.
Actually, things seemed to be going well in June – the revenue was up a solid 52% compared to a weak May, even the year on year number was 8.38% higher. And the company pushes further into VR territory with a stand-alone VR headset and it relaunched in the Philippines (after being absent from that market for five years).
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Note that these are unaudited numbers, HTC will publish audited results with the quarterly report and reveal some insight into the cause of this slump.