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This article was published on March 6, 2013


Look out below: HTC’s February revenue was the lowest in 3 years, drops 44% year-over-year to a mere $384m

Look out below: HTC’s February revenue was the lowest in 3 years, drops 44% year-over-year to a mere $384m
Robin Wauters
Story by

Robin Wauters

Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family a Robin Wauters is the European Editor of The Next Web. He describes himself as a hopeless cyberflâneur, a lover of startups, his family and Belgian beer. If you'd like to know more about Robin, head on over to robinwauters.com or follow him on Twitter.

As usual around this time of the month, smartphone and tablet maker HTC released its monthly consolidated revenue numbers for the month prior. And they look, well, horrendous.

The Taiwanese company’s reported revenue in February 2013 was a mere NT$11.37 billion, or approximately $384 million.

That’s a staggering 44 percent drop compared to February 2012, and a 26.8 percent drop month-over-month (as in, from January 2013).

In fact, it’s been exactly three years since HTC’s monthly revenues were at this level. Last month, the company reported net income of NT$1 billion (roughly $34 million), the lowest profit it booked since 2004.

The numbers paint a bleak picture for HTC, which is struggling to compete against Apple, Samsung and others in the ultra-competitive global smart devices race.

HTC hopes that the upcoming HTC One will turn things around, but really, what are the chances – even with a new CMO in place?

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