Monday, 26 March 2018

HTC had a really bad holiday quarter

HTC has recently sold 2,000 of its engineers towards Google to work on Pixel phones in a massive exchange of talent worth $2 billion, but what is actually happening with the company besides that?

HTC has now reported its financial results for the 2017 Holiday quarter and unfortunately the results are not great, as HTC revenue stayed flat and the company continued losing money.

Here is a quick overview of HTC's financial results for the past quarter:
 
Quarterly revenue of NT$15.7 billion (~$540M) with gross margin of -30.8%Quarterly ...

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