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

IT Where

#Responsive_Webdesign start from #7500, #hosting_Service Start from #3300 Per Year #get #your #special offers at Itwhere Pondy #Digital_Marketing , #SEO , #Product_Branding at Itwhere Pondy Email:info@itwheretech.co. in M:+91 9092734853 www.itwheretech.co.in

How Education Will Be Smarter, Less Intrusive, And Able To Respond To How You Feel

Impatience characterizes the technology sector’s approach to education. Disruption is taking place in all other sectors of society — so, why not education? I know too well, whether at Pearson or in the classroom, the challenges and frustration of developing and using digital tools that improve outcomes for students. But I’m optimistic. We are on the verge of a tide of smarter innovation that, if allowed to spread, will turbocharge the learning experience for students. Here are four areas worth watching: 1. Using technology to learn from learners Every great digital product constantly evolves by learning from its users, adding capabilities, and improving its performance. If it’s true for your Facebook feed, then why not education? The potential is there, as the OECD’s recent report on Students, Computers and Learning (OECD) incidentally showed how clickstream and tracking navigation in digital readers can be used to see how students process online text and...

Phoenix OS is (another) Android-as-a-desktop

Google Android may have been developed as a smartphone operating system (and later ported to tablets, TVs, watches, and other platforms), but over the past few years we’ve seen a number of attempts to turn it into a desktop operating system. One of the most successful has been Remix OS , which gives Android a taskbar, start menu, and an excellent window management system. The Remix OS team has also generated a lot of buzz over the past year, and this week the operating system gained a lot of new alpha testers thanks to a downloadable version of Remix OS that you can run on many recent desktop or notebook computers. But Remix OS isn’t the only game in town. Phoenix OS is another Android-as-desktop operating system, and while it’s still pretty rough around the edges, there are a few features that could make it a better option for some testers. Some background I first discovered Phoenix OS from a post in the Remix OS Google Group , altho...

Google Announces Android Wear Update With WiFi Support, Always-On Apps, And More

It has been a while since Android Wear got any substantial updates, but today Google is announcing a big one. A new version of Wear will be rolling out over the coming weeks that includes a number of previously rumored features (like WiFi support) and some all new stuff (like always-on apps). Most Wear devices use the always-on ambient mode for the watch face by default, the Moto 360 being a notable exception. The new Android Wear version allows apps to operate in ambient mode too, so they remain active when the watch goes to sleep. That makes it easier to take a quick glance at the app instead of waking the device up and opening the app all over again. The watch will still only go into full-color mode when necessary. WiFi support is also coming in the update, which means your watch can be useful even if your phone isn't connected. Watches with WiFi support will be able to connect to WiFi and still get messages and notifications from your phone, provided it has an interne...

Exciting Technology

Search This Blog