HTC's earnings dropped to all-time low in 2018: Report

HTC's earnings dropped to all-time low in 2018: Report

Published
Hot News
1 min read
HTC logo. (Photo: Twitter/@htc)
Taipei, Jan 5 (IANS) The year just-ended was terrible for Taiwanese smartphone maker HTC as its revenue dropped to an all-time low, the media reported.
According to the handset maker's just-released year-end 2018 numbers, HTC took in just NT$23.74 billion (or $770 million) during 2018, the lowest in all its years as a public company.
"HTC's December 2018 revenue clocked in at 1.3 billion Taiwan new dollars, the second lowest month in 2018. That's a month when most device makers see a sales uptick.
"In fact, HTC's revenues have dropped progressively throughout 2018 with the full year coming to 61.78 per cent lower than 2017," the Android Police reported late on Friday.
Back in May 2013, when the company witnessed booming sales, and when smartphones like the HTC One M7, One Mini and One Max made it one of the best handset players on the planet, it came in at 29 billion Taiwan new dollars, according to TechCrunch.
A year ago, rumour mills were abuzz that search engine giant Google would acquire HTC but the former ended up just buying HTC's Pixel team in a $1.1 billion deal.
The deal involved over 2,000 HTC engineers moving over to Google.
However, HTC's contract manufacturing operations and VR division were reportedly not affected, but a substantial majority of the smartphone R&D team went on to join Google.
--IANS
ksc/mag/vm

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(This story was auto-published from a syndicated feed. No part of the story has been edited by The Quint.)

(The Quint is available on Telegram. For handpicked stories every day, subscribe to us on Telegram)

We'll get through this! Meanwhile, here's all you need to know about the Coronavirus outbreak to keep yourself safe, informed, and updated.

Liked this story? We'll send you more. Subscribe to The Quint's newsletter and get selected stories delivered to your inbox every day. Click to get started.

The Quint is available on Telegram & WhatsApp too, click to join.

Stay Updated

Subscribe To Our Daily Newsletter And Get News Delivered Straight To Your Inbox.

Join over 120,000 subscribers!