HTC Q1 profit plunges 98 per cent, despite HTC One launch
The HTC One launched too late to save the Taiwanese company's first quarter results, with net profit tumbling to NT$85 million ($2.85 million) from NT$4.5 billion ($152 million) a year ago, a drop of 98 per cent. It's the company's lowest quarterly profit since 2004. Revenue plunged too, to NT$42.8 billion ($1.45 billion) from NT$67.8 billion ($2.3 billion), the company confirmed in today's audited earnings call.
The company did not reveal how many units of the HTC One it has so far sold, but said it … Read more