Friday, October 4, 2013

Things not getting better for HTC as company posts quarterly loss for summer season

Things not getting better for HTC as company posts quarterly loss for summer season

Hipster trolls, Robert Downey Jr., top-ranked Android handsets — no matter what HTC does, the company just can't seem to win. The report is in on the OEM's 3rd quarter 2013 financials and HTC execs and analysts are once again seeing red. For the most recent quarter, HTC posted a net loss of NT$2.97 billion ($101 million), well over initial estimates that had the company losing NT$1.71 billion on average. Overall operating loss for the quarter was NT$3.5 billion after NT$47 billion in sales. The loss was again over analyst projections, while total sales fell short of the expected mark.

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