HTC only recently had one of its best months in almost a year, but new financial data shows that revenue collapsed dramatically in the month of July as the effects of a weakened smartphone business started to show again.
HTC’s business continues to shrink
The Taiwan-based company generated only NT$ 284 million ($9.6 million) last month, down 35.6% from the NT$ 441 million ($15 million) it reported twelve months earlier. The number also represented a decline of 56.3% from the NT$ 649 million ($22.1 million) reported in June.
To make matters worse, July was not only the worst month of 2020 so far for HTC when it comes to revenue, but also the worst month on record in the company’s entire 23-year history.