To the surprise of nobody, HTC losses mount in Q2
As predicted by the company itself, Android device manufacturer HTC today reported bleak earnings results for the April through June period. For the three month period, the Taiwan-based company lost NT$8.03 billion after tax and operating costs are taken into consideration. HTC reported profits during the prior four quarters, but apparently those couldn’t hold, likely due to lackluster demand for the One M9. Today’s reported losses spread out over the company’s shares come out to an approximate NT$9.70 ($0.3) per share. Revenue for the quarter was NT$33 billion.