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HTC has reported revenue growth for the second consecutive month

By Sarah Chen
1 min read
kingsmen services htc big
kingsmen services htc big
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It’s that time of the month when we review HTC’s latest revenue numbers and brace for disappointment. But in an unexpected twist, this time the Taiwan-based brand has positive news to report.

For the last month of 2020, HTC reported NT$615 million ($21.96 million) in unaudited consolidated revenue. That’s a small increase of 1.02% versus the same period a year earlier, much better than the median decline of 42.03% experienced throughout 2020.

The impact of the all-important annual holiday season was visible in HTC’s latest numbers too. In comparison to November, the company’s monthly sales numbers climbed a decent 10.68%.

As a direct result of these results, December has become the second-consecutive month that HTC has posted both month-on-month and, more importantly, year-on-year growth.

The last time HTC reported two consecutive months of year-on-year revenue growth was four years ago, specifically February and March 2017 before the launch of the flagship HTC U11.

Whether or not these positive trends continue into 2021 will remain to be seen. But at the moment, it seems HTC is mostly focused on its lineup of VR products rather than the smartphone segment, despite the occasional launch.

Questions & Answers

Q.

What was HTC's total unaudited revenue for the last month of 2020?

A.

HTC reported NT$615 million, which translates to $21.96 million in unaudited consolidated revenue. This figure relates specifically to December, the last month of 2020.

Q.

How did the December revenue figures compare to the previous year?

A.

December's revenue saw a small increase of 1.02% compared to the same period a year earlier. This contrasts sharply with the median decline of 42.03% experienced throughout 2020.

Q.

What product segments does HTC appear to be focusing on currently?

A.

HTC seems primarily focused on its range of VR products at the moment. This focus is despite occasional launches within the smartphone segment, which appears to be less of a priority.

Q.

When was the last time HTC reported two consecutive months of year-on-year growth?

A.

The last time HTC saw two consecutive months of year-on-year revenue growth was four years ago. This occurred in February and March 2017, prior to the launch of their flagship HTC U11.

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