HTC Q2 report marks fifth consecutive quarter in the red

To say HTC’s mobile business has been facing a tough time lately would be an understatement. The company has recorded several quarters of net losses and was recently banned from selling its devices in the UK market over a patent dispute. Now the HTC’s Q2 earnings report is in and it brings more bad news.

This time around the quarterly net loss after tax comes in at TWD2.3 billion ($73 million) which is slightly better than its Q1 results which showed a TWD2.4 billion ($76 million) money bleed. HTC’s earnings per share was negative TWD2.71 ($0.09). Operating profits also shrunk from TWD2.7 billion ($85.7 million) in Q1 2019 to TWD2.5 billion ($79.4 million). As a whole operating margins are down by 88.5% year over year.

The only good side seems to be the TWD2.8 billion ($88.9 million) quarterly revenue which is a new high for the company in the last 8 months. Going forward HTC will focus on its 5G expansion with the HTC 5G Hub in emerging 5G markets, its Vive VR headsets as well as its recent return to the Indian market where it plans to compete in the entry-level segment.

Source | Via