HTC Revenue Falters in May, Posts Year-on-year Decline of 27%

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Apparently, a Hardan Karman edition of the HTC One (M8) wasn’t enough to save HTC from disappointing quarterly financials. The Taiwain-based smartphone manufacturer reports that revenues were NT21,065 ($700) million, a decline from April’s NT22,079 ($754) take. That represents a year-on-year decline of 27.37 percent. 

The drop in sales is only the latest in a long string of disappointing numbers from the company. HTC has struggled to maintain profitability for the better part of two years, selling off its stake in Beats, as well as focusing on mid-range and low-end devices for developing markets to help buoy revenues.

HTC gave investors a bit of consolation, though. The company is maintaining its Q2 guidance despite the decline, a sign it believes May sales were an aberration, not indicative of a trend. HTC could be betting on the HTC One (M8) Prime or the mythical Nexus 8 tablet to boost sales.

Whatever the company’s rationale, we hope that its accountants are accurate, for HTC’s sake.

Via: HTC



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