HTC reveals steep revenue decline

HTC reveals steep revenue decline

04 SEP 2013
HTC One

Struggling HTC has announced revenue for August 2013 of TWD13.2 billion ($443 million), a 45 per cent decline over the same month last year.

The handset vendor reported revenue of TWD24.0 billion in August 2012.

Its performance is also disappointing on a sequential basis. The August 2013 revenue figure is a fall of 16 per cent from the TWD15.7 billion reported in July.

The July figure was itself judged to be a weak performance so the latest numbers are more bad news for embattled HTC.

The company has already warned that the current quarter (July-September) will be loss-making.

Total revenue from January to August 2013 was TWD142.4 billion.

Author

Richard Handford

Richard is the editor of Mobile World Live’s money channel and a contributor to the daily news service. He is an experienced technology and business journalist who previously worked as a freelancer for many publications over the last decade including...

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