HTC money

Revenue up slightly from October, but latest numbers show year-on-year drop of more than 27 percent

HTC has this morning released its unaudited revenue figures for November 2013, showing that it brought in NT$15.47 billion ($523 million) in the last month. That's a 3.18 percent increase on October's revenue — NT$14.99 billion ($507 million) — but a steep decline of 27.12 percent year-on-year. The figures bring HTC's total revenue for the year so far to NT$190.97 billion, or $6.45 billion.

The past month has seen the HTC One Max arrive on Sprint and Verizon in the U.S., while HTC also unveiled a raft of new mid-range and entry-level products for its home market of Taiwan.

October and November's figures put HTC within striking distance of its NT$40-45 billion revenue target for the fourth quarter. Nevertheless, the company's Q4 forecast predicts hard times continuing to the end of 2013, with the possibility of a second quarter of losses should it miss its targets by even a small amount.

Source: HTC