The company says that it will cut 15 percent of its staff as it refocuses its business on "premium smartphones, virtual reality, and connected lifestyle products."
Its flagship phone, the One M9, has not caught on, and HTC says it will continue to invest in other areas, including virtual reality, as it looks to turn itself around.
Chief executive Marissa Mayer delivers better-than-expected sales. But admits Alibaba gains are "top of mind" for investors.
But the nation's largest wireless did post a profit for the second quarter and phone subscriber growth that topped expectations.
Balancing and bug fixes.
The Internet media and search company still hasn't gotten its advertising business on track. All the while, CEO Marissa Mayer looks to be getting more serious about Yahoo's future in search. Will it help?
The carrier lost $2.38 billion in the quarter thanks to charges related to its wireline assets and its brand.
The company now tallies 3.45 million Creative Cloud customers, but the average subscriber is paying less. Adobe says the acquisition of Fotolia should improve its financial picture.
Now that Yahoo has claimed its cash windfall from the Alibaba IPO, Marissa Mayer and company unveil Yahoo's mobile revenue for the first time.
Company's first-quarter profit blew past Wall Street's expectations, due in part to FIFA titles. But it's delaying two highly-anticipated games to ensure success.