“Taiwan’s smartphone maker HTC saw its shares fall 10%, the daily trading limit, in the wake of poor earnings and a weak outlook,” BBC News reports.
“The sharp drop came one day after the struggling smartphone maker reported a record quarterly loss,” The Beeb reports. “For the three months to June, losses hit 8bn Taiwanese dollars (£163m; $253m) from Tw$2.26bn a year earlier.”
“A pioneer of early Android smartphones, HTC is struggling with competition from Apple, Samsung and Chinese rivals,” The Beeb reports. “Friday’s shares tumble saw the company stocks fall by 10%, which is the maximum allowed on one day. Shares fell to their lowest since February 2005.”
Read more in the full article here.
MacDailyNews Take: For how much longer will HTC continue to dump money into fragmandroid’s bottomless pit?
Beleaguered Samsung’s days in the sun are over in smartphone market – August 4, 2015
Samsung will never overcome Apple’s advantage in mobile device profitability – July 30, 2015
HTC’s M9 phone not selling as well, piling up in warehouses – June 15, 2015
ZDNet mobile expert: Samsung Galaxy S6 Edge and HTC One M9 disappoint; back to Apple’s iPhone 6 Plus – April 16, 2015
[Thanks to MacDailyNews Reader “CaptainWhizz” for the heads up.]