Monday, April 7, 2014

HTC continues to spill red ink for a third subsequent quarter, loses $62 million in Q1 2014

Taiwanese manufacturer HTC released its financial report for Q1 2014 and it appears that it has not balanced the books yet. The company continues to lose money for a third subsequent quarter, as it has lost roughly $62 million (NT$1.88 billion) from January 1 to March 31, just as it was predicted roughly two months ago.



HTC's revenue for the period has also fallen to about $1.1 billion (NT$33.12 billion) in Q1 2014, which is a 22.6% drop in comparison with the $1.42 billion (NT$42.9 billion) that HTC earned in the previous quarter. Additionally, HTC's operating loss for Q1 2014 was $68 ...



from PhoneArena - News http://ift.tt/1jnxPnS

0 comments:

Post a Comment