Home / Android Tips / HTC lost a whopping $330 million during Q4 2017

HTC lost a whopping $330 million during Q4 2017

Water is rainy, grass is inexperienced, and tech media darling HTC continues to lose boatloads of cash. The financially (and creatively) suffering Taiwanese corporate’s newest quarterly record will have to come as no surprise to any person who’s been following the ones bleak per thirty days effects launched right through final yr. Or to those that spotted the U11 didn’t pass any place, the U11+ by no means even reached the USA, and digital fact headsets are hardly ever redefining mainstream traits.

After all, Google’s $1.1 billion will have to supply no less than some transient aid, providing HTC perhaps a last-ditch likelihood to search out “vital long-term enlargement alternatives” via “better funding in rising applied sciences.”

However till mentioned achieve might be “known” on the finish of Q1 2018, the Vive makers’ complete fiscal This fall 2017 ratings are in, they usually’re… terrible. Earnings is flat in comparison to the yr’s 3rd quarter, which is under no circumstances what a client electronics producer desires to listen to when reviewing vacation gross sales.

Worse but, HTC controlled to put up an running lack of NT$nine.6 billion, which equates to more or less US$330 million, on NT$15.7 billion income, shaving an enormous NT$11.93 (US$zero.41) off the price of each and every corporate percentage in simply 3 months.

The newest (and biggest) quarterly loss is attributed to “marketplace pageant, product combine, pricing, and known stock write-downs”, so principally, not anything’s running anymore for the creators of the primary commercially launched tool to make use of Android.

Nonetheless, and despite the fact that the start of 2018 hasn’t appeared any higher, HTC keeps a favorable outlook on “some other robust yr of innovation at the leading edge of its markets.” Oh, how we would like lets consider that!

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