Things are getting very ugly for HTC. Per Bloomberg, HTC
on Friday released a horror-filled third-quarter earnings report
showing that the company had posted a quarterly loss for the first time
in its history. For the quarter ending in September, HTC reported a net
loss of NT$2.97 billion (USD $101 million) on sales of NT$4.7 billion
(USD $1.6 billion), a worse result than the consensus forecast of
a NT$2.2 billion loss on sales of NT$54 billion. Bloomberg says that HTC’s smartphone business is getting whacked both in the high-end market, where its HTC One model was delayed in many places until after the release of the Galaxy S4, and the low-end market where it has considerably less presence than low-cost Android vendors such as Xiaomi.
- Tags:
- HTC
- Source:
- Bloomberg
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