“The latest HTC results, for its Q2, confirm another loss-making quarter for the smartphone and VR headset maker, with the Taiwanese company reporting revenue of NT$18.9 billion ($598 million) for the quarter versus the NT$33.0 billion ($1.07 billion) it made in the year ago quarter,” Natasha Lomas reports for TechCrunch. “That’s a drop of around 44 percent.”
“HTC reported a loss of NT$4.2 billion ($133 million) in its second quarter, which ended June 30,” Lomas reports. “The only bright spot here is that it’s less of a revenue plunge than the company made in its Q1 when it was 64 percent down, year on year.”
“HTC reported its first loss-making quarter back in October 2013, and ever since the company has been struggling to turn its smartphone fortunes around in the face of increasingly fierce competition and a squeeze on hardware profit margins,” Lomas reports. “Commenting on its Q2 in a statement, HTC CEO and chairwoman Cher Wang said: ‘In the space of one year, we have reimagined the company, reclaimed our top spot for innovation, and demonstrated solid execution across our major product lines. I believe that HTC has regained its innovative zeal and is looking ahead with confidence and ingenuity.'”
Read more in the full article here.
MacDailyNews Take: When even trampling all over Apple’s iPhone trade dress stops working for you, you know you’re doomed.
The [iPhone] design is quite weak; it’s very, very basic… [HTC has] a huge advantage. – HTC CEO Peter Chou, September, 2007
Why Apple won’t be suing HTC over One A9’s blatant iPhone 6S design ripoff – October 23, 2015
Beleaguered HTC brand is worthless – August 10, 2015
Beleaguered HTC shares plummet after record quarterly loss – August 7, 2015
Apple-HTC terms are consistent with what Steve Jobs told Eric Schmidt and stated in public – December 6, 2012
HTC claims to be ‘very, very happy’ with Apple settlement, slams media estimates – November 20, 2012
HTC initiated settlement talks with Apple after being hit with several legal setbacks, says source – November 12, 2012
Analyst: HTC settlement worth up to $8 per phone for Apple; serve as model for future deals with Apple patent infringers – November 12, 2012
Apple and HTC settle global patent battle – November 11, 2012