HTC Reveals Further Losses As Smartphone Sales Fall
Troubled phone maker continues to struggle as revenues also fall heavily
HTC has revealed another difficult quarter as the company continues to struggle in an increasingly competitive smartphone market.
The Taiwanese manufacturer announced that its net loss for the three months ended September 30 was NT$4.48bn ($138m/£91m) compared with a net profit of NT$0.6 billion ($18.4m/£12m) a year earlier.
Its revenue also dropped sharply to NT$21.4bn ($658m/£433m) from NT$41.9bn ($1.2bn/£791m) in the same period last year as HTC recorded losses for the second successive quarter.
Comeback?
Back in August, HTC announced it would be laying off 15 percent of its workforce and reorganising into three business units as it seeks to narrow its focus and return to profitability.
Having recently diversified its product line to include virtual reality headsets (the HTC Vive, pictured left) and wearable devices, the company announced last week that it would be announcing a new flagship smartphone on October 20.
The new device will be the first HTC smartphone to be powered by Google’s latest Android 6.0 Marshmallow operating system.
HTC’s last flagship, the One M9, was launched back at Mobile World Congress in March.
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