HTC Corp’s (宏達電) revenue fell 71.77 percent to NT$592.65 million (US$19.16 million) last month from NT$2.09 billion a year earlier, a disappointment following an otherwise hopeful March when revenue hit NT$1.31 billion due to an increase in sales of the company’s virtual-reality headsets.
Cumulative revenue for the first four months dropped 67.51 percent to NT$3.54 billion from NT$10.89 billion last year, the company reported yesterday.
Thing are looking increasingly worse as the smartphone maker struggles to stay afloat after reporting disastrous results for last year, with full-year revenue plunging 61.78 percent year-on-year to NT$23.74 billion.
Although new flagship devices are yet to be announced, a new HTC handset with the model number 2Q741 was pictured on the GeekBench Web site on Friday.
The device is rumored to be an upcoming mid-range smartphone, which would be a welcome surprise as the company loses market share to its peers.
According to research firms International Data Corp and Strategy Analytics Inc, HTC smartphones had a 1 percent or less market share last year.
In an attempt to revive cryptocurrency’s momentum, the company said that it is going to release a follow-up to the Exodus blockchain phone, which was launched in October last year and has apparently met the company’s sales expectations, HTC decentralized chief officer Phil Chen (陳信生) said.
The company last year launched only one other device, the HTC U12 series.
The second-generation Exodus phone would continue to carry cryptocurrency apps, while extending its blockchain applications to include other areas such as browsing, messaging and social media, Chen said last month at a technology forum in Taipei.
HTC is expected to announce its first 5G-flagship smartphone in the coming months, after launching a 5G mobile smart hub in February at the Mobile World Congress in Barcelona, Spain.
To many, Tatu City on the outskirts of Nairobi looks like a success. The first city entirely built by a private company to be operational in east Africa, with about 25,000 people living and working there, it accounts for about two-thirds of all foreign investment in Kenya. Its low-tax status has attracted more than 100 businesses including Heineken, coffee brand Dormans, and the biggest call-center and cold-chain transport firms in the region. However, to some local politicians, Tatu City has looked more like a target for extortion. A parade of governors have demanded land worth millions of dollars in exchange
An Indonesian animated movie is smashing regional box office records and could be set for wider success as it prepares to open beyond the Southeast Asian archipelago’s silver screens. Jumbo — a film based on the adventures of main character, Don, a large orphaned Indonesian boy facing bullying at school — last month became the highest-grossing Southeast Asian animated film, raking in more than US$8 million. Released at the end of March to coincide with the Eid holidays after the Islamic fasting month of Ramadan, the movie has hit 8 million ticket sales, the third-highest in Indonesian cinema history, Film
Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) revenue jumped 48 percent last month, underscoring how electronics firms scrambled to acquire essential components before global tariffs took effect. The main chipmaker for Apple Inc and Nvidia Corp reported monthly sales of NT$349.6 billion (US$11.6 billion). That compares with the average analysts’ estimate for a 38 percent rise in second-quarter revenue. US President Donald Trump’s trade war is prompting economists to retool GDP forecasts worldwide, casting doubt over the outlook for everything from iPhone demand to computing and datacenter construction. However, TSMC — a barometer for global tech spending given its central role in the
Alchip Technologies Ltd (世芯), an application-specific integrated circuit (ASIC) designer specializing in server chips, expects revenue to decline this year due to sagging demand for 5-nanometer artificial intelligence (AI) chips from a North America-based major customer, a company executive said yesterday. That would be the first contraction in revenue for Alchip as it has been enjoying strong revenue growth over the past few years, benefiting from cloud-service providers’ moves to reduce dependence on Nvidia Corp’s expensive AI chips by building their own AI accelerator by outsourcing chip design. The 5-nanometer chip was supposed to be a new growth engine as the lifecycle
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