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HTC's Revenue Continues to Tumble

News by Luke Jones on Friday September 04, 2015.

htc news · industry news · luke jones

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Things really are going from bad to worse for HTC. Sales continue to decline and the company is losing money quarter after quarter, as was confirmed with HTC's financials for the last month. The Taiwanese giant released its figures for August and they prove some pretty dire reading for fans of the company.

The company brought in consolidated revenue of $213 million during August, a 6.99 per cent decline compared to July. In comparison year on year there was a massive 52.62 per cent drop from the same month in 2014, when the company raked in $449 million. It really looks like HTC is in need of a market defining product, but it is not on the horizon. The company recently lost its market value and is losing money every month, leading us to think that a merger or a buyer for the company may be sought soon.

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About the author

Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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