HTC extended an eight-quarter revenue declining streak. Net revenue for the second quarter of 2017 was $64.23 million, a slight reduction of 3.9% from the $66.87 million that HTC reported in the previous quarter.
This generates a loss of 7.8 US cents per share in the second quarter, compared to 8 cents per share in the first quarter of this year. Gross margins fell from 16.3% to 13.7%.
In the first half of 2017, HTC had a loss of $131.1 million, down 30% year over year. The net loss in the first six months of 2017 amounted to 16 US cents per share.
The current flagship of the company HTC U11 was very well received, with features that pleased the users. Here are its specs:
- 5 “Super LCD5 screen occupying 71% of the front
- HD Quad Resolution (2560 x 1440 pixels), 534 pixels per inch
- 4 GB or 6 GB of RAM
- 64 GB or 128 GB of memory for internal storage
- MicroSD card slot up to 256 GB
- Chipset Qualcomm Snapdragon 835
- Kryo eight-core processor running at up to 2.45 GHz
- Qualcomm Adreno 540 as graphics card
- 12 megapixel main camera (f / 1.7 aperture, optical image stabilization and dual LED flash)
- 16 megapixel front camera
- Fingerprint reader in the form of a button below the screen
- IP68 certification against dust and water (can be submerged for up to 30 minutes at 1.5 meters depth)
- Dimensions of 153.9 x 75.9 x 7.9 mm and weight of 169 grams
- 000 mAh battery
- Android 7.1 Nougat under the HTC Sense interface as operating system
Still, analysts expect more red numbers from HTC when it releases financial results for the current quarter, fiscal Q3 2017. From June to July 2017, revenues saw a decrease of 10.16%, as compared to 2.06% in the same period last year.
It is expected that the HTC U Life 11, a kind of smaller and cheaper U11, will get good results as well. Rather than being elite, the phone would enter the midsize category to become more accessible to customers. Expected by the end of this year, the device will feature a 5.2-inch screen with a resolution of 1080 x 1920 and a Snapdragon 630 chipset.