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HTC Records Terrible Second Quarter Loss


News by Luke Jones on Tuesday July 07, 2015.

htc news · industry news · luke jones

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One M9
One M9

HTC announced its second quarter financials today and there was not much surprise to see the results were not good. After a number of quarters turning a profit, the company?s minor comeback came to a grinding halt as it dipped below the red line. The reason for that is the lukewarm reception the One M9 flagship received from critic and consumer alike.

This is just a preliminary look at HTC's state through the second quarter, but still it is obvious the damage has been done. Revenue topped at $1.07 billion and left behind an operating loss of $166.2 million, a net loss of $256 million. Just three months ago the company made $11.6 million off $1.3 billion in overall revenue.

 
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Luke Jones
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.

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