HTC has revealed its first ever quarterly loss of 100 million dollars as it continues to battle rivals in the smartphone industry.
The Taiwanese mobile phone maker reported the loss for the July-September quarter, in contrast to rivals like Samsung, who have forecast record profit for the same period.
According to the BBC, HTC was one of the early market leaders in Android smartphones, but has lost market share to rivals such as Samsung and Apple in recent years.
The firm has claimed that its new products like the HTC One, have received encouraging response, however, analysts have warned that signs of recovery for the company appear bleak.
The report added that HTC's shares have fallen more than 50percent over the past 12 months amid concerns over its future growth.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app