WASHINGTON: HTC has reported consolidated revenues of NT$7.67 billion (US$240.68 million) for November, down 6.13% on month and 25.42% on year. Accumulated 2016 revenues through November totaled NT$71.76 billion, decreasing 37.69% from a year earlier. Slackened sales of its own brand smartphones and slim profits derived from production of Google’s Pixel smartphones contributed to the decreased revenues in November, according to industry sources.
HTC’s sales are expected to remain flat in December due to seasonality, which will make the company continue to operate in the red in the fourth quarter, said the sources, noting that HTC already posted a loss of NT$9.05 per share during the first three quarters of 2016.
Meanwhile, HTC is expected to ship three million units of the Pixel devices in the fourth quarter of 2016 and ramp up shipments to 5.5 million units in the first quarter of 2017, the sources estimated. The company’s stock price edged up NT$0.20 to finish at NT$82.80 on the Taiwan Stock Exchange (TSE) during the December 6 session.
