HTC has revealed its financial results for quarter one and the company’s overall revenue dropped 64 percent over the same quarter last year.
The company had revenue of NT$14.8 billion which is about $463 million, this is down from $1.3 billion in the same quarter last year.
They had an operating loss of $150 million for the quarter, this is down from a profit of $11.6 million in the same quarter last year.
The company has struggled to sell its smartphones and it is not clear as yet on whether the new HTC 10 will be able to turn things around for them.
They also have their new HTC Vive VR headset which could end up being popular for the company, they are investing $100 million into VR content.
It will be interesting to see if the company can turn things around in their next financial quarter and whether their new devices end up being popular.
Source Android Central
Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn more.