Editor in Chief
- Dec 30, 2010
- Reaction score
- Austin, TX
To say that HTC has had a rough year in 2015 is a massive understatement. It turns out the company is in dire straits. Several times over the years we shared terrible news for the company and compared it to a sinking ship, but their financials for this year really do fit that description now more than ever.
HTC's revenue for 2015 was just NT$8.7 billion (~USD$280 million), which was more than a 60% decline from the NT$21.9 billion reported in June 2014. This is the second lowest revenue reported by the company in almost 8 years. In fact, HTC’s monthly revenue was down 38% in April, 48% in May, and 60% in June, and their 2nd quarter numbers posted a net loss of $258 million.
What's even worse is that investors seem to have finally given up on the struggling mobile phone maker too. HTC's market cap has dropped by half (down to $4.06 billion) in just a few months. Their stock price has tanked to around two dollars a share, which is a 10-year low for the company. Obviously these numbers don't necessarily mean the company is anywhere near bankruptcy, but it definitely seems like it is sliding toward that eventuality.
Is there anything the embattled phone maker can do to turn things around this time, or is it finally the gloomy end?