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).
| 2017 (NTD, million) | 2016 (NTD, million) | MoM change | YoY change | ||
| July Revenue | 6,194 | 6,319 | -10.11% | -1.97% | |
| June Revenue | 6,891 | 6,358 | 52.10% | 8.38% | |
| May Revenue | 4,531 | 6,753 | -3.89% | -32.91% | |
| April Revenue | 4,714 | 5,751 | -9.29% | -18.03% | |
| March Revenue | 5,197 | 4,144 | 11.30% | 25.41% | |
| February Revenue | 4,669 | 4,200 | 0.09% | 11.17% | |
| January Revenue | 4,665 | 6,477 | -27.18% | -27.98% | |
| TOTAL | 36,861 | 40,002 | -7.85% |
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.
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