Skip to content

October 5, 2015

HTC posts yet another huge quarterly loss for Q3 2015

by John_A

HTC One M9+-7

It’s no secret that HTC has been struggling as of late, and it still looks like things aren’t getting any better. As reported by The Wall Street Journal, HTC has achieved yet another huge loss for the third quarter in 2015.

The Taiwan-based smartphone manufacturer has announced that its net loss for the three months ending on September 30th was NT$4.48 billion (~US$138 million). This is compared with a net profit of NT$0.6 billion a year earlier. HTC’s revenue has also dropped to just NT$21.4 billion (~US$658 million) from NT$41.9 billion (~US$1.29 billion) in the same period a year earlier.

HTC One M9+-10Related: HTC is struggling and will continue to struggle44

Unfortunately, this shouldn’t come as a surprise for anyone who has been following HTC over the past few years. The company was recently dropped from the TWSE 50 Index, which is the stock market index of Taiwan’s 50 largest firms. This is after HTC announced its plans to cut around 15 percent of its workforce in an effort to cut costs and improve its profitability.

Although it’s clear that HTC’s mobile efforts are dwindling, all hope isn’t lost for the company. HTC is planning to form a new business unit to focus on virtual reality and connected lifestyle products. The HTC Vive really impressed us when we got a first-hand look at the VR headset back at MWC 2015, so for now, we’ll remain hopeful that the company will get back on its feet sometime soon.

width: 350px;

float: left;

float: right;

width: 100%;

text-align: center;

.rvs_wrapper.align_center.cbc-latest-videos ul li
float: none;
display: inline-block;
vertical-align: top;

.rvs_wrapper.cbc-latest-videos:not(.align_none) ul li:nth-child(2n+1)
clear: both;

font-weight: 600 !important;
margin: 0 !important;
font-size: 24px !important;

.rvs_wrapper.align_right .rvs_title
padding-left: 20px;

.rvs_title a
font-family: ‘Roboto Condensed’;
color: #3a3a3a;

.rvs_wrapper.cbc-latest-videos ul
padding-top: 10px;

.rvs_wrapper.align_left.cbc-latest-videos ul li,
.rvs_wrapper.align_none.cbc-latest-videos ul li
padding: 0 15px 0 0;

.rvs_wrapper.align_right.cbc-latest-videos ul li
padding: 0 0 0 15px;
float: right;

.rvs_wrapper.align_center.cbc-latest-videos ul li
padding: 0 7px;

.rvs_wrapper.cbc-latest-videos ul li > a
font-weight: 400;

.rvs_wrapper.cbc-latest-videos ul li > a .yt-thumbnail
margin-bottom: 0;

@media only screen and (min-width : 480px)
body #page .rvs_wrapper.cbc-latest-videos ul
width: 100% !important;

@media only screen and (max-width : 480px)
body #page .rvs_wrapper.cbc-latest-videos
width: 100%;
float: none !important;
overflow-x: auto;
overflow-y: hidden;

body #page .rvs_wrapper.cbc-latest-videos ul
overflow: auto;
max-height: none;

body .rvs_wrapper.cbc-latest-videos ul li
float: left !important;
clear: none !important;

Read more from News

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Note: HTML is allowed. Your email address will never be published.

Subscribe to comments

%d bloggers like this: