HTC revenue for August expected to more than halve from last year

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Unaudited revenue of NT$6.89 billion (£139 million), while eight month revenue is down by a third from last year 

HTC is expecting revenue in August to slump by more than half year-on-year to NT$6.89 billion (£139 million).

This is according to unaudited financial results for last month from the manufacturer, with the figure compared to revenue of NT$14.5 billion for August 2014.

Revenue from January to August 2015 has also fallen by a third from the same eight month period a year ago to NT$88.83 billon (£1.79 billion).

These results come after HTC refused to rule out UK job losses after announcing plans to cut 2,500 roles as part of a “business realignment”.

They are part of a wider global cost-cutting exercise that it said will see it reduce expenditure by 35 per cent.

HTC CEO Cher Wang said the manufacturer needs a “flexible and dynamic organisation to ensure we can take advantage of all the opportunities in the connected lifestyle space”.

She added the realignment will ensure that each product group has the right focus, resources and expertise to win new markets.

This announcement came after HTC saw Q2 revenues plummet by 50 per cent year-on-year to NT$33 billion (£672 million), with losses of NT$8 billion (£163 million). 

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