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HTC shows off its financial report, sales drop by 35%

According to the reports, HTC has now revealed its annual financial report for last year i.e. 2015. These reports reveal a drop of 35% in the sales of the Taiwanese manufacturer. Last year, the revenue of the company stood at NTD 121.68 billion ($3.65 billion), which is down from NTD 187.91 billion reported in the year 2014.

There were reports from HTC last month, that it is making huge profits from one of its newly released flagship devices namely HTC One A9. The revenues from this handset were recording to be US $314.32 million. However, the annual financial reports for 2015 reveal a totally different story for the profits being earned by the Taiwanese giant. For December 2015, the revenue of the company fell 57.08% year on year while on the other hand the November revenue stood at £134.4 million.

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Report Publised @HTC Investors

The monthly revenue of the company for the month of November jumped to six month high which led us believe that the One A9 handset might have played an important role in improving its profits. Everybody started expecting that these revenues might go high in December because of the holiday season and the handset being released in some more markets. However, it brings us to surprise that the situation shows completely different results.

Now, the company has set its expectations over the newly announced Vive VR headsets, pre-orders for which will start in February this year.

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