HTC has published its financial report for the first quarter of this year, which indicates that the company is getting worse. Revenue Taiwanese company fell by 64% compared to the corresponding period last year. Guide HTC, however, argues that the next period will be better, and revenue growth should be visible already in the second quarter.
Revenue for the reporting period amounted to 457 million dollars, which is 64% lower than for the same period last year. Net loss after taxes amounted to $ 80 million. Operating loss in the amount of $ 150 million was replaced by an operating profit from a year earlier, equal to 11.6 million.
A large part of the press release HTC filled out listing the different products of the company, which recently received certain awards. As for the new flagship smartphone, the impact of its sales on its financial position, HTC will be seen for the new quarter. But the company noted “strong launch” HTC 10 and the virtual reality helmet Vive.
Great hopes are connected with HTC Vive, which was warmly received by the users. However, it is difficult to predict that the company will be able to record at this time any profit.
It is worth noting that this is the fourth consecutive quarter that HTC recorded a loss from operations.
