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2018 Saw An All Time Low In HTC’s Earnings: Report

A year ago, rumour mills were abuzz that search engine giant Google would acquire HTC but the former ended up just buying HTC's Pixel team in a $1.1 billion deal.

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HTC's earnings dropped to all-time low in 2018: Report. Flickr

The year just-ended was terrible for Taiwanese smartphone maker HTC as its revenue dropped to an all-time low, the media reported.

According to the handset maker’s just-released year-end 2018 numbers, HTC took in just NT$23.74 billion (or $770 million) during 2018, the lowest in all its years as a public company.

“HTC’s December 2018 revenue clocked in at 1.3 billion Taiwan new dollars, the second lowest month in 2018. That’s a month when most device makers see a sales uptick.

“In fact, HTC’s revenues have dropped progressively throughout 2018 with the full year coming to 61.78 per cent lower than 2017,” the Android Police reported late on Friday.

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HTC’s contract manufacturing operations and VR division were reportedly not affected, Pixabay

Back in May 2013, when the company witnessed booming sales, and when smartphones like the HTC One M7, One Mini and One Max made it one of the best handset players on the planet, it came in at 29 billion Taiwan new dollars, according to TechCrunch.

A year ago, rumour mills were abuzz that search engine giant Google would acquire HTC but the former ended up just buying HTC’s Pixel team in a $1.1 billion deal.

The deal involved over 2,000 HTC engineers moving over to Google.

Also Read: Donald Trump Not Bothered About Apple’s Stock Price Slump

However, HTC’s contract manufacturing operations and VR division were reportedly not affected, but a substantial majority of the smartphone R&D team went on to join Google. (VOA)

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Global Smartphone Market is Expected to Shrink in 2019

TrendForce said Samsung will likely take a more aggressive strategy in terms of price and specifications as the company finds it hard to tap new business areas

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Global smartphone market to shrink in 2019.

The global smartphone market is expected to shrink further in 2019 due to weaker demand and other unfavourable factors, a report said on Tuesday.

Global smartphone production is expected to reach 1.41 billion units this year, down 3.3 per cent from the previous year, according to the report from TrendForce, a leading market intelligence provider.

Replacement demand is likely to slacken this year due to a lack of devices with landmark functions, TrendForce said, adding global smartphone output could drop as much as 5 per cent on-year due to the uncertainty and fallout from the ongoing trade war between the US and China, Yonhap news agency reported.

Samsung Electronics Co is projected to grab the leading market share of 20 per cent this year, followed by Huawei with 16 per cent and Apple Inc with 13 per cent.

Among the top three industry players, Huawei will likely become the only company to post positive growth in smartphone production.

Samsung, speaker
Samsung Electronics Co is projected to grab the leading market share of 20 per cent this year, followed by Huawei with 16 per cent and Apple Inc with 13 per cent.

Samsung’s smartphone output is predicted to shrink 8 per cent on-year to 293 million units, with Apple’s production likely to fall 15 per cent to 189 million.

Earlier, another industry tracker, Strategy Analytics, predicted global smartphone shipments to come to 1.43 billion this year, down 0.6 per cent from a year earlier.

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Strategy Analytics forecast a market share of 20.3 per cent for Samsung, 16.1 per cent for Huawei and 14.4 per cent for Apple.

TrendForce said Samsung will likely take a more aggressive strategy in terms of price and specifications as the company finds it hard to tap new business areas.

Samsung plans to roll out its Galaxy M mid-range and low-end smartphones in India at the end of this month and unveil its Galaxy S10 flagship smartphone and foldable smartphone in San Francisco next month in a bid to create new demand and outperform Chinese rivals. (IANS)