Connect with us

HTC Reports 64% Drop In Q1 Revenue

Asia

HTC Reports 64% Drop In Q1 Revenue

Taiwanese manufacturer HTC has lost $148 million between January 1 and March 31 2016, says its Q1 revenue earnings report. That is a whopping 64% revenue drop. Its profit loss is registered at 78% compared to the same quarter last year.

mnp

This is the fourth consecutive quarter decline for HTC. “We are actually quite hopeful that the HTC 10 will bring back the momentum. From the internal management perspective, we are hoping the third quarter in the smartphone business we will be able to achieve a breakeven,” said HTC’s chief financial officer Chialin Chang.

The sales of HTC’s new flagships HTC 10 or its Vive VR system are not included in this quarter revenue sales. These are making vibes in the market, hinting the phone maker to create huge differences in the upcoming quarter. The company is also one of the early players to venture into virtual reality.

“We’re going to put in resources to make sure we have long-term success in this (virtual reality) sector,” commented CFO Chang.

Ria Lakshman. V is a lead news writer at The Telecom Times. She studied Journalism at Manipal School of Communication and proceeded to work in newspapers and magazines, with technology as her focus area. Passionate about Telecommunications sector, her move to 'The Telecom Times' was a natural choice. Alongside, she also writes for Telecom Talk, where she covers news and tech commentaries in the sector of telecom. In the free time, Ria loves to go camping, read books, or sketch illustrations. She also runs a local design studio and promotes eco-friendly crafts. Ria can be found sharing her knowledge and insights on Twitter.

Trending

Contributors

RSS Technology – Hardware

RSS Technology – Networks

RSS Technology – Robotics

RSS Technology -Semiconductors / Chips

RSS Technology – Software

RSS Telecommunications – Networks

RSS Telecommunications – Services

To Top