HTC has experienced some ups and several downs in 2020. That roller-coaster ride continued throughout the third quarter and into October as the Taiwan-based company experienced yet another massive revenue drop and loss.
HTC continued to struggle in October
For the month ending October 31, HTC has reported NT$430 million ($15.07 million) in total revenue. That number represents a decline of almost 47.5% from the NT$817 million ($28.64 million) it reported for September.
Namely, that 34.5% year-on-year decrease is the lowest so far this year, which drags down the average year-on-year change to -47.66%. That result’s still not brilliant, and things could change in the final two months, but it’s currently an improvement over the average 57.82% drop experienced in 2019.
The company reported another loss in Q3 2020
Moving forward, the company will continue focusing its efforts on the VR business it has built up over the past decade. Some smartphone releases are likely, but a return to the company the world once knew is unlikely.