HTC Q1 profit plunges 98 percent, despite HTC One launch
The HTC One launched too late to save the Taiwanese company's first-quarter results.
Net profit for the handset maker tumbled to NT$85 million ($2.85 million) from NT$4.5 billion ($152 million) a year ago, a drop of 98 percent.
It's the company's lowest quarterly profit since 2004. Revenue plunged too, to NT$42.8 billion from NT$67.8 billion, the company confirmed in Thursday's earnings call.
The company did not reveal how many units of the HTC One it has so far sold, but said it expected revenues to jump in the … Read more