HTC reports sixth straight quarterly loss as smartphone woes continue

HTC ended the third quarter on a particularly high note by posting its first annual growth in over two years, but it turns out the wasn’t enough to offset the terrible results in August and July.

The Taiwan-based company has just announced its for the July-September quarter and it turns out HTC’s total revenue dropped from NT$2.81 billion three months earlier to just NT$2.45 billion. To make matters worse, its losses widened to NT$2.36 billion, up from NT$2.23 billion during the second quarter.

On the upside, HTC says its gross margin grew by 2.6% to 22.9%, the seventh consecutive ...

Wednesday, 13 November 2019 GSM ARENA GSMArena.com