Following rumors that implied HTC Corp.’s June sales would be down or flat, the Taiwanese smartphone maker has released record monthly sales a few days earlier than planned.
Consolidated sales in June were up 87.8% from the same period a year ago. While the company’s year-over-year growth rates have been on a downward trend since the beginning of the year, it’s posting record sales. The company generated $1.56 billion in June.
Annual growth is slowing, but sales are up 10.9% from the previous month. Since year-over-year sales were up more than 213% in January, that rate of growth has incrementally slowed with each passing month. The biggest drop occurred a few months back when year-over-year growth fell from 212% in February to 124% in March. The latest figures mark the first time year-over-growth has dipped below triple digits this year.
While annual growth rates continue to decline, HTC hopes its latest sales figures will relieve some pressure on company stock, which dropped 19% in less than a month.
HTC posts record $1.56B in sales for June
ABOUT AUTHOR
Jump to Article
What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants