HTC announced a 68% decline in revenue in June :: Investor.bg



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  HTC announced a 68% decline in revenue in June

The HTC smartphone maker, HTC, said the sales figure of its sales decreased by nearly 68 percent in June – the largest a decline of more than two years. All this points out that the company continues to lose customers in a context of increasing competition, reports Reuters.

HTC, the company's preferred consumer and investment company, lost positions with the emergence of players such as Apple, Samsung Electronics, and later Xiaomi [19659003] HTC said its turnover in June dropped to 2.2 billion Taiwan Dollars ($ 72 million) from $ 6.9 billion a year earlier, and $ 2.45 billion dollars in May

"In the high-end sales of their flags this year are slower than expected, which leads to a smaller market share," said an badyst at Trendforce Market Research Company, who prefers to stay

Trendforce expects HTC to launch new models at longer intervals this year, with the company's new devices not offering new specifications to attract consumers and impact sales [19659003] estimates that the volume of production is lower than 2 million units in 2018.

Last week, HTC announced that it planned to cut nearly a quarter of its workforce worldwide, or 1,500 jobs , mainly in its factory in Taiwan

HTC's shares are on reduced their value by nearly 30% since the beginning of the year

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