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HTC's 2017 revenues were its lowest in 13 years
- HTC’s overall 2017 revenues came in at NTD 62.12 billion (about $2.1 billion).
- The numbers were the lowest, in terms of yearly revenues, in 13 years.
- December’s numbers were over 37 percent behind those from December 2016.
HTC did not have a good 2017, at least in terms of its financial numbers. The Taiwan company revealed its monthly revenue for December 2017, and looking back at the entire calendar year, those monthly numbers showed that HTC had the lowest revenues recorded in the past 13 years.
HTC’s latest financial numbers (via GSMArena) showed that in 2017, it brought in NTD 62.12 billion (about $2.1 billion). That’s over 20 percent lower than the company’s 2016 revenue results. In December 2017, HTC recorded revenues of NTD 4.02 billion (about $136 million), which was over 37 percent lower than what it brought in during December 2016.
2017 saw HTC release fewer smartphones compared to 2016, but even devices like the HTC U11, which got solid reviews, apparently failed in terms of sales. The company also continues to sell its HTC Vive VR headset. In December, HTC confirmed that it will sell its “Powered by HTC” research and development division to Google for $1.1 billion. While Google gets some experienced hardware makers to help boost its own Pixel smartphones as part of this deal, HTC gets a financial shot in the arm while also continuing to design and make its own smartphones. The transaction is expected to officially close in 2018.
Some unconfirmed reports claim HTC will release even fewer smartphones in 2018, but whether that will stop the bleeding at the company remains to be seen. One rumor claims that the next flagship phone from HTC, the U12, will have a 4K display, a dual rear camera and the Qualcomm Snapdragon 845 processor.