Tip Us Hey you, we are hiring! Join us if you are an author, developer or designer!

HTC Q2 2018 results show problems are only getting bigger

08 August 2018 3

It is not a hidden fact that once a mobile market giant HTC is now struggling even to make any substantial impact on the same market. This situation has been going on for a few years and with each passing quarter, it is only appearing to be getting worse and worse. HTC has announced its financial results for Q2 2018 and the whole story remains the same except for higher losses at a relatively faster rate.

HTC has reported a revenue of about NT$6.8 billion ($222 million) for the second quarter of the year which takes its overall revenue for the year so far around $544.6 million. While this does sound to be good, problems start to appear once you have a look at the profit-loss column. It has announced operating loss of NT$3.4 billion ($114 million) and a net loss of NT$2.09 billion ($95 million).

These numbers reflect everything that has been going wrong for HTC in past few years. In this year itself, we have heard different negative reports regarding the company. It was even reported to be exiting the Indian smartphone market but HTC later came forward to deny the same. There have been reports of HTC laying off about 1500 employees at its manufacturing unit situated in Taiwan.

The whole situation is appearing to be getting only worse for HTC with no signs of improvements in the near future. We can only hope HTC would be able to turn around things like BlackBerry and Nokia have done in recent times.


3

comments

HTC Q2 2018 results show problems are only getting bigger
Write a comment...
Android

Try OnePlus 11 5G free for 100 days with this new promo

Windows

Samsung Galaxy Book 3 series bring 13th Gen Intel CPUs, different form factors

Android

Samsung debuts Galaxy S23 series with Snapdragon 8 Gen 2, 200MP camera

Apple

Apple launches MacBook Pro, Mac Mini with M2, M2 Pro, M2 Max chips