{"id":90189,"date":"1999-12-31T00:32:00","date_gmt":"1999-12-30T13:32:00","guid":{"rendered":"http:\/\/smartoffice.com.au\/htc-sales-falls-49-345m-in-losses-after-one-m9-problems\/"},"modified":"1999-12-31T00:32:00","modified_gmt":"1999-12-30T13:32:00","slug":"htc-sales-falls-49-345m-in-losses-after-one-m9-problems","status":"publish","type":"post","link":"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/htc-sales-falls-49-345m-in-losses-after-one-m9-problems\/","title":{"rendered":"HTC Sales Falls 49%, $345M In Losses After One M9 Problems"},"content":{"rendered":"<p>HTC who is believed to have the &#8216;Up For Sale&#8217; sticker out has reported a 49% drop in revenue and a net loss of $345M loss.<\/p>\n<div><span style=\"font-family: sans-serif; font-size: 13.3333330154419px;\">In the first half of 2015 sales have fallen 57.7% the profit fall follows four quarters of slight net profits.<\/span><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\"><br \/><\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\">The Taiwanese Company has been hit by plummeting smartphone sales and valuation losses after production lines that were ramped up for the new One M9 were left idle.<\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\"><br \/><\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\">HTC has announced a strategic shift to sell more mid-priced phones in emerging markets as opposed to more expensive ones in markets like Australia.<\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\"><br \/><\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\">They have also moved to strip manufacturing costs.<\/p>\n<table style=\"\" align=\"Center\" border=\"0\" cellpadding=\"4\" cellspacing=\"0\">\n<tbody>\n<tr>\n<td width=\"530\" height=\"530\"><a href=\"javascript:;\" onclick=\"window.open('http:\/\/news.smarthouse.com.au\/resources\/articleimages\/12b44jtu_embeded_image_1.jpg', 'foo', 'width=365 height=304, scrollbars=yes, resizable=yes');\"><img fetchpriority=\"high\" decoding=\"async\" width=\"530\" height=\"530\" src=\"http:\/\/news.smarthouse.com.au\/resources\/articleimages\/12b44jtu_embeded_image_1.jpg\" border=\"0\"><\/a><br \/>Click to enlarge<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\"><br \/><\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\">In the second quarter, its revenue totalled NT$33.01 billion, almost half the NT$65.06 billion it fetched in the second quarter of 2014.<\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\"><br \/><\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\">&nbsp;HTC doesn&#8217;t disclose its shipment number, but the company has said it has closed some of its production facilities as sales have dropped and as it has outsourced some of its manufacturing.&nbsp;<\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\"><br \/><\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\">The Wall Street Journal said that HTC was a top Android smartphone maker a few years ago, but its return to losses indicates how second-tier smartphone makers are struggling in a maturing market.<\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\"><br \/><\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\">Low-cost smartphone makers, such as Xiaomi who does not operate in the Australian market because it is &#8220;too small&#8221; according to their Chinese executives, are grabbing emerging-market share quickly at a time when global smartphone shipment growth, particularly toward the high-end is slowing.<\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\"><br \/><\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\">Despite praise for the sleek design of HTC&#8217;s flagship device for this year, the One M9, some analysts were sceptical, citing the phone&#8217;s incremental hardware upgrade from its One M8 last year.<\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\"><br \/><\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\">HTC&#8217;s shares in Taipei sank to a record low of NT$71.10 on June 30, compared with an all-time high of NT$1,300.00 in April 2011.&nbsp;<\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\"><br \/><\/span><\/font><\/div>\n<div><font face=\"sans-serif\"><span style=\"font-size: 13.3333330154419px;\">Chairwoman Cher Wang, who returned to day-to-day operations last year and has also been doubling as chief executive since late March, has said the company &#8220;is moving beyond the smartphone business.&#8221; It has recently launched a fitness band and a virtual reality device in overseas markets but not in Australia where the Company is trying to set up a sales network of retailers. &nbsp;<\/span><\/font><\/div>\n<div style=\"font-family: sans-serif; font-size: 10pt;\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HTC who is believed to have the &#8216;Up For Sale&#8217; sticker out has reported a 49% drop in revenue and a net loss of $345M loss.<\/p>\n","protected":false},"author":42,"featured_media":91646,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[28,23],"tags":[],"class_list":["post-90189","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-archive","category-it-hardware","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>HTC Sales Falls 49%, $345M In Losses After One M9 Problems - Smart Office<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/staging.strixdevelopment.net\/smartoffice\/1999\/12\/31\/htc-sales-falls-49-345m-in-losses-after-one-m9-problems\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" 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