HTC Posts September Revenues, Best Results In Over A Year

HTC is not exactly one of the largest smartphone manufacturers in the world anymore. This Taiwan-based company was once the third-largest smartphone manufacturer on this planet, but things haven’t been going in the right direction for HTC for a long time now. The company has been trying to appeal to consumers by releasing a number of smartphones in the last couple of years, but that didn’t exactly go as planned, despite the fact HTC had released some really compelling phones in that time period, and their 2016 flagship (the HTC 10) definitely belong in that category.

That being said, the company has just released their financial results for September 2016, and it turns out these are the company’s best results in the last 15 months, which is certainly a relief for HTC. The company has reported that their revenues grew 41.8% on month, and 31.3% on year, we’re looking at a figure of NT$9.33 billion ($297.12 million). This might not seem like a lot of money for such a company, but considering HTC’s results in the last couple of years (especially the last year and a half), these results are certainly encouraging. Now, according to industry sources, HTC’s sales of HTC Desire 10 and Google Pixel phones definitely managed to contribute to such results, and their HTC Vive VR headsets did the same thing. Google had introduced the Google Pixel and Google Pixel XL handsets a couple of days ago, and considering HTC is manufacturing these devices, they certainly get a piece of that pie, which will help the company in the coming months, that for sure, because the Pixel devices have been available for pre-order for a couple of days, and if they sell well once they go on sale, that will definitely reflect on HTC’s finances.

Now, if we take a look at the company’s quarterly results, we’ll be able to see that HTC’s revenue in Q3 was NT$22 billion ($698,81 million), which is an 18% increase compared to the second quarter of this year. The company is expected to ship 6.5-7 million units in the second half of the year, and Pixel shipments are actually expected to account for 40-50% of HTC's total shipments, according to the source. If we compare that to the first half of this year, then we’ll see that Pixel's are supposed to help increase HTC's profits, as the company had managed to sell ‘only’ 5.8-6.1 million devices in H1 2016.

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Kristijan has been writing for Android Headlines since 2014 and is an editor for the site. He has worked as a writer for several outlets before joining Android Headlines, and has a background in writing about Android and technology in general. He is a smartphone enthusiast that specializes in Android applications, and that platform in general. Contact him at Kristijan. [email protected]
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