HTC posts losses of $60m as sales hit 5-year low
April 08, 2014 00:00:00
TAIPEI, Apr 7 (AFP) : Taiwan's struggling smartphone maker HTC posted a net loss of Tw$1.88 billion ($62.3 million) in the first quarter, a figure far worse than the Tw$1.59 billion analysts forecast.
Sales in the three months to March fell to a five-year low of Tw$33.1 billion. HTC confirmed its unaudited first quarter loss was Tw$1.88 billion, compared with a net profit of Tw$85 million a year earlier.
