HTC's April revenue was NT$173 million, a year-on-year decrease of 42.4%

According to news from this website on May 6, HTC announced today that its revenue in April was NT$173 million, a decrease of 20.2% month-on-month and a year-on-year decrease of 42.4%; the cumulative revenue in the first four months of this year was NT$7.68. billion, a year-on-year decrease of 39.8%. The main reason for the decline was the decrease in shipments compared with the same period last year.

Picture source Pixabay

The overall global VR shipments in 2023 will be 7.65 million units, with Meta leading the market, accounting for 71.3 %, while HTC’s VR share is 1.1%, ranking sixth, which is a huge gap. According to the 2019 annual report released by HTC, its VR products accounted for 35.7% of the global market share, leaving Sony and Samsung behind to become the world's number one that year.

According to 2023 CCS Insight forecasts, HTC is expected to exit the VR industry by 2026 due to reduced revenue and fierce competition. However, HTC has made it clear that it will continue to make correct decisions on overall operations to promote HTC's future development. I believe that the current and future business strategies are correct and will continue to strengthen the spirit of the HTC and VIVE brands.

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