Friday, May 20, 2022
  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables
No Result
View All Result
Lowyat.NET
No Result
View All Result
Home Enterprise

HTC Earnings Plummet By 64-percent In First Quarter Of 2016

by Farhan
May 10, 2016
HTC 10 Goes Official: Features New Physical Design, Snapdragon 820, 4GB RAM, Hi-Res Audio, and Ultrapixel 2 Camera
76
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

HTC’s Q1 2016 earnings are showing a company that is in a spot of trouble. The Taiwanese company reported that its revenue in drop by 64-percent year-on-year; while its profits plummeted by 78-percent as compared to the same period last year.

Sales were reported at NT$14.8 billion (about RM1.8 billion), down from NT$41.8 billion (about RM5.2 billion) last year. Profits were equally dismal, with the company making NT$1.8 billion (about RM224 million) – down from NT$8.2 billion (about RM1 billion) last year.

It should be noted that these numbers do not include sales of the new HTC 10 or the Vive virtual reality headset. Both these devices were released late into the quarter, and will be reported with the second quarter results. That being said, these are unlikely to change much.

HTC 1Q16 Investor Conference

ADVERTISEMENT

HTC is prepared to double down on its virtual reality aspirations, and has said that it will be investing some $100 million (about RM400 million) into developing content for the Vive. The kind of content is unknown; although the company did collaborate with video game maker Valve to produce the headset, which should provide some indication for where it is going.

As far as the mobile device market goes, HTC looks to be unable to compete with the large number of devices coming out of China. While it is not the only manufacturer hurt by the situation, it looks to be the one that is losing the most.

Whether HTC is able to turn its fortunes around is unknown. For now, the HTC 10 flagship is only available in limited markets; and expanding the reach of the smartphone may help alleviate the bleak financial outlook.

[Source: HTC Investor Conference, via VentureBeat]

Tags: HTC
Back to top
Share30Tweet19SendShare

ADVERTISEMENT

RELATED ARTICLES

hishammuddin hussein defence minister jpn data leak
Data Breaches

Defence Minister Not Worried About Personal Data Leak

by Ikmal Rozlan
May 20, 2022

Just recently, a database showed up on a popular database marketplace that contained the personal information of about 22.5 million...

Read more
OPPO Find X5 Pro Review: Solid Flagship, But Something’s Missing
Mobile Phones

OPPO Find X5 Pro Review: Solid Flagship, But Something’s Missing

by Heirul Kamel
May 20, 2022

OPPO has officially launched the Find X5 Pro flagship in Malaysia. Along with it are numerous hardware upgrades such as...

Read more
Twitter To Hide False And Misleading Tweets During Crises
Social Media

Twitter To Hide False And Misleading Tweets During Crises

by John Law
May 20, 2022

Twitter is introducing a crisis misinformation policy, in an effort to prevent the further spread of false information during times...

Read more
A New Daredevil Series In The Works For Disney Plus
Entertainment

A New Daredevil Series In The Works For Disney Plus

by John Law
May 20, 2022

It looks like Marvel's Daredevil series is making a return to the stream, although it is clear that the show...

Read more
Load More
No Result
View All Result

TRENDING TODAY

  1. 1
    Data Breaches

    Another JPN Database Appears Online With An Asking Price Of Almost RM44,000

  2. 2
    Mobile Phones

    OPPO Find X5 Pro Goes Official In Malaysia For RM4,999

  3. 3
    Fintech

    You Can Now Terminate Touch n Go RFID Tag Online

  4. 4
    News

    Amazon Web Services To Develop Data Centres In Malaysia

  5. 5
    Random

    IT Admin Imprisoned Seven Years For Wiping Out Company Servers

Lowyat.NET

Consumer Tech News & Reviews Malaysia

NETWORK

  • Hype
  • Murai
  • Lipstiq
  • Diva
  • Varnam
  • Moviedash
  • Autofreaks

ABOUT

  • Advertise
  • Careers
  • Privacy Statement
  • Contact Us
  • Editorial Policy
  • Terms & Conditions

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

No Result
View All Result
  • News
    • Lifestyle
    • Computing
    • Hardware
    • Internet
    • Rumours & Leaks
    • Software
  • Forums
    • Kopitiam
    • Tradezone
    • Property Talk
    • Finance & Business
    • Fast and Furious
  • Gaming
    • PC Gaming
    • Console
    • Esports
  • Mobile
    • Apps
    • OS
    • Tablets
    • Phones
    • Telco
      • Celcom
      • DiGi
      • Maxis
      • Tune Talk
      • U Mobile
      • Buzzme
  • Pricelists
    • Hardware
      • Compu-zone
      • Viewnet
      • Thundermatch
      • Sri Computers
    • Notebooks
      • Compu-zone
    • Smartphones
      • Thundermatch
  • More
    • Automotive Tech
    • Drone
    • Enterprise
    • Entertainment
    • Fashion
    • E-Hailing
    • Wearables

©2022 LOWYAT MEDIA, LLC. ALL RIGHTS RESERVED.

We use cookies to improve your experience. Learn More.