HTC posts loss in Q2, will cut jobs and phone models
by from Techreport on (#GMV7)
Times are tough for HTC. The Taiwanese phone maker has announced (PDF) its Q2 2015 financial results with a loss of NT$5.1 billion ($157 million) on revenues of NT$33 billion ($1.04 billion).
This drop is a considerable one from the year-ago quarter (PDF), in which the company posted a profit of NT$2.3 billion ($87 million) on NT$65.1 billion ($2.12 billion) in revenues. HTC cites weak demand at the high end of the Android phone market and slow sales in China as the main contributors. The ...