HTC’s One, the company’s flagship phone that drew great reviews but failed to become a big hit, sank the company’s first-quarter earnings.
The Taiwan-based company’s unaudited results, released on Monday, showed a net loss before taxes of $ 62 million on revenues of $ 1.1 billion, down from $ 1.4 billion in the previous quarter. The loss comes after HTC posted its first quarterly loss ever last October. HTC posted a net profit of $ 10 million in its fourth quarter, which came in below analysts’ expectations.
Released in March 2013, the One was released on a staggered basis due to manufacturing delays. Upon release, many reviewers deemed it the best Android phone on the market...Read More