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HTC’s financials reveal another steep revenue drop in 2019

Jasper Hart
January 7, 2020

Revenue is barely 1/6 of 2017 figure

HTC has reported another poor year financially, seeing a decrease of more than 50 per cent on its already weak showing in 2018.

Based off its combined monthly figures for 2019, the Taiwanese vendor posted revenues of TWD10 billion (£254 million), a decrease of 57.8 per cent from its 2018 figures of TWD23.7 billion (£602 million).

Its 2018 revenue was already a large drop on its 2017 revenue of TWD62 billion (£1.58 billion).

The results come as HTC looks to focus on its VR business and scales back its smartphone production. IDC expects worldwide spending on VR in 2020 to reach $18.8 billion, compared with approximately $10.5 billion spent this year.

Meanwhile, in the UK, the vendor has still not resumed selling its smartphones after it initially stopped doing so in August as a result of a patent row with German patent firm IPCom.

HTC’s 5G home broadband hub is still available to purchase from EE.

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