HTC outs Q3 earnings, posts its first net quarterly loss

Tags: HTC

HTC released its unaudited earnings report for the fiscal Q3 of 2013. The Taiwanese company recorded its first ever net quarterly loss by going in the red by $101.2 million.

The loss came from revenue of $1.6 billion. It is not a surprise, as a report from last week suggested that poor financial performance is in the pipeline. HTC had supply shortage issues with the One mini, while its bigger brother reportedly failed to meet even the company’s own expectations.

Source | Via

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from gsmarena http://www.gsmarena.com/htc_outs_q3_earnings_posts_its_first_net_quarterly_loss-news-6903.php

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