So HTC’s revenue dropped again to a mere $129 million, thats over 50% lower than revenues for February 2015.
And yet their share price rose 10%. Is the stock market bonkers?
Well actually HTC’s shares rose on the news that its partnership and new fitness products with Urban Armor sold well and the new HTC Vive VR headset was off to a strong start.
From the leaked rumours of the new HTC 10, I cannot see this flagship saving the day, so it is quite likely we will see HTC shift its future more towards the wearables/fitness sector and Virtual Reality later on. Virtual Reality is still several years off from becoming the norm, despite its coolness.
So do you think there is a future with HTC in the next 12 months?