HTC Cards $101M Loss In Q4 2015, Its Third Successive Quarter In The Red

HTC’s (financial) struggle is real. The Taiwanese tech firm endured another rough quarter of business after it posted a NT$3.4 billion ($101 million) net loss for Q4 2015. Total revenue came in at NT$25.7 billion ($766 million), which is up nearly 20 percent quarter-on-quarter but down a massive 46 percent year-on-year.

The phone maker booked a slender NT$0.47 billion (then $14.7 million) profit one year ago in Q4 2014, but this time around it is a third successive quarterly loss following on from a NT$4.5 billion ($139 million) loss in Q3 2015, when it stopped forecasting its own sales, and a NT$8.0 billion (US$252 million) loss in Q2.

In a brief press announcement, HTC made some unspecific positive noises about its newer products. Its Desire line saw “good momentum” and the HTC One A9 was “well received” in Asia, the U.S. and Europe, we’re told. On a call with analysts, Chialin Chang, CFO and President of Global Sales, was more frank, admitting that sales of HTC’s flagship HTC One M9 “fell short of expectation” in 2015.

“You will find [that] the product portfolio is streamlined and matched with the right cost of doing business,” Chang said when asked what HTC plans to do differently this year.

In a bid to find that “right cost”, HTC implemented a series of restructuring initiatives in the latter part of 2015, which included laying off 15 percent of staff, and some costs related to that are still being felt. Chang said that one further quarter of expenditure from restructuring will happen, so improved financial results aren’t expected until HTC’s Q2 2016, the company CFO added.

HTC is putting a lot of emphasis on virtual reality (including its upcoming Vive product) and the Internet of things. Chang voiced his optimistic that efforts in VR and wearables — where it is working with Under Armor, and just launched its first product — “will be able to contribute to the bottom line in a meaningful way.” Aside from being ambiguous, it’s tough to know how VR will play out in the consumer space — and in terms of sales — but it is so nascent and unlike other productrs on the market. What is clear, however, is that 2015 was a disaster for HTC, and the company can’t afford a repeat this year.

Comments

Five budget-friendly open source storage servers

Storage is essential for the enterprise: Data must be stored. Data must be retrieved. Data must be shared. Data must be secured. At the same time, storage must not consume the entirety of your IT budget. Fortunately, you can find effective solutions in the world of open source. Outside of cost effectiveness, one of the biggest benefits of these solutions is the ability to modify them to perfectly fit your needs. You can make minor changes or even roll your own storage solution based on one of these tools. If you want enterprise support and a "solution in a can" that will meet just about any enterprise storage need, you should turn to Red Hat or SUSE. Both Linux-based companies offer some of the most powerful enterprise-ready tools on the market. But if you'd rather get your hands dirty and craft something of your own—something that won't demolish your budget—these five open source tools are a great place to start. 1: ownCloud ownCloud ( Figure ...

Facebook Now Supports PGP To Send You Encrypted Emails

You can now instruct Facebook to encrypt every email it sends to you so nobody — not even the NSA — is likely to be able to read your messages anytime soon. All you have to do is import your public PGP key into your Facebook settings and you’re good to go. The problem here, of course, is that most people have no idea how public/private key email encryption works and how to even get started with it. In the wake of Edward Snowden’s leaks, a number of organizations, including Google, promised to completely hide the complexities of end-to-end email encryption from regular users. Very few of these products have materialized so far, however — not for lack of trying, but because this is actually a very complex problem, both from a technical and user experience perspective. Facebook uses the well-established PGP scheme (the GNU Privacy Guard implementation of OpenPGP, to be precise) to encrypt messages and tools lik...

Detail

hi this is ajijulla sahib from sri ganesh college of engineering and technology

Microsoft allays privacy concerns of Windows 10 users

Microsoft attempts to put all rumours related to Windows 10 privacy concern to rest GettyImages Allaying concerns of Windows 10 users over privacy, Microsoft has said information is collected only to offer a better OS experience. Besides, it provides users the ability to have control over the information collected. Microsoft asserts that Windows 10 is based on these two major principles. Besides, the data collected from every system is encrypted to the company's servers and remains in secure facilities. The company says information such as device ID, device type and application crash data is collected in order to help the user obtain an even more secure OS experience. Microsoft clarifies that the data does not include the user's personal files or content. Another reason that Microsoft collects data is to offer a better personalised windows experience. This includes updates on game scores, app recommendations and the common words one types in messaging. If users are ...

Use Cortana to define words for you in Windows 10

Microsoft’s Cortana has many uses including sending emails or checking the weather. One of the best uses though is a simple look-up feature for words and their definitions. Combined with the Hey Cortana voice recognition using Cortana to tell you quickly what a word means is a great hands-free tip. There are multiple ways to get Cortana to define a word. If you have Hey Cortana enabled you can simply blurt out your request: “Hey Cortana what is the meaning/definition of inchoate ?” “Hey Cortana define ubiquitously “ You can, of course, also just type in your request e.g “ define beatitude ” although this admittedly takes some of the speed (and fun) out of using the personal digital assistant. For many words, Cortana displays the definition within a card, and OxfordDictionaries or EncartaDictionaries powers it. Sometimes, if Cortana misunderstands you or does not have the definition, the assistant opens up a web page after performing a web search for...

Exciting Technology

Search This Blog