HTC reports first loss since 2002 HTC Corp Friday announced a net - TopicsExpress

HTC reports first loss since 2002 HTC Corp Friday announced a net loss for the third quarter on Friday, its first since floating in 2002, on falling smartphone sales. Consolidated revenues from July to September were 47.05 billion Taiwan dollars (1.605 billion US dollars), falling short of its target of 50 billion Taiwan dollars, and down 29.3 per cent from the previous quarter, the company said in its unaudited results posting. Net losses were 2.97 billion Taiwan dollars for the quarter. Full story: lnkd.in/bAp9UM7

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