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HTC Records Lowest Quarterly Revenue for 16 Years in 2018 Q1

HTC has reported revenues of $94.8 million for last month, a month-on-month growth of 6.1% but a year-on-year decline of 46.7%. This means that the company ended the first quarter of 2018 with revenues of $300.4 million, a decline of 44.1% quarter-on-quarter, 39.5% year-on-year and HTC’s lowest quarterly revenue in 16 years.

However, the company iexpects to see a reversal of fortune in the coming months, with the launch of its new flagship smartphone, believed to be called U12 Plus, to be seen as more of a rival to Samsung’s Galaxy S9 Plus rather than the standard model. No official details have yet been revealed about the handset but it is believed it will feature a 6″ LCD display with a WQHD+ resolution and an 18.9 aspect ratio, plus dual-camera set-ups on both the front (12 and 16-megapixel) and back (8-megapixel) of the device.

Other rumoured hardware specs include a Snapdragon 845 processor and 6GB of RAM. It’s also believed that the device will run Android Oreo and feature HTC’s proprietary facial recognition technology, Face Sense.

HTC released its last flagship smartphone, the U11, in June 2017.