HTC Revenues Fall 62% In 2018 After Step Back On Smartphone Market

HTC reported revenues of TWD 23.74 billion for 2018, down 61.8 percent from the previous year. In December alone, sales fell 66.4 percent year-on-year to TWD 1.35 billion.

The sharp fall in sales follows the sale of part of its smartphone assets to Google at the start of 2018. Since then HTC has scaled back its presence on the smartphone market, while trying to launch a new business of VR devices and services.  – Telecom Paper