HTC financial report for February 2016 shows record low revenue

HTC outed its financial report for February with some grim numbers. Revenue for the month was $128 million (NT$4.2 billion), less than half than the same period of 2015 – $261 million (NT$9.2 billion). Worse still, the revenue is 35% less than it was in January, which traditionally is a slow month after the Christmas holidays.

Sadly for HTC, this is just another month in a series of poor financial performance. For Q4 2015, the Taiwanese phone maker reported a net loss of $101 million (NT$3.5 billion). Revenue for the period was $766 million (NT$25.7 billion).

The company retains an upbeat mood however. The upcoming HTC M10 flagship will carry a new dose of hope for turning the company’s fortunes around. The phone will be announced on April 19, according to recent rumors.

Source | Via