HTC Ends 2017 with $2.1 Billion, The Lowest Revenue in 13 Years

2017 was not good year for HTC, especially in terms of its financial. The Taiwan company HTC ended 2017 on a low note, December saw revenues of NTD 4.02 billion or $136 million dollars. Monthly numbers showed that HTC had the lowest revenues recorded in the past 13 years. HTC Ends 2017 with $2.1 Billion, The Lowest Revenue in 13 Years.

Tough competition and high end devices launch caused HTC to lose millions of dollars in 2017. In 2017, latest financial numbers of HTC showed that, it brought in NTD 62.12 billion (about $2.1 billion). That is 20 percent lower than the company’s 2016 revenue results. HTC recorded revenues of NTD 4.02 billion in December 2017, which was 37 percent lower than what it brought in December 2016.

HTC Ends 2017 with $2.1 Billion, The Lowest Revenue in 13 Years

HTC released fewer smartphones in 2017, but devices launched in last year could not make its place in the market. For example the HTC U11, which got solid reviews, faced failure in terms of sales. Taiwan company also continues to sell its HTC Vive VR headset.

HTC has confirmed in December, that it will sell its “Powered by HTC” research and development division to Google for $1.1 billion. The company gave Google access to intellectual properties and some of the hardware team in order to develop the next Pixel devices and VR products. This deal could bring HTC’s hopes in making a comeback to the US market.

Read Next: HTC to Launch Fewer Phones, Focus on R&D in 2018-Report

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