HTC experienced massive losses during the first quarter of 2019

The HTC 10

HTC’s revenue numbers continued to drop massively between January and March 2019, and to no surprise today the company has confirmed that it experienced massive financial losses throughout the period.

Despite seeing an improved gross margin of 14.7% during the quarter – a year earlier HTC’s gross margin was -3.1% – the Taiwan-based company still experienced a worse-than-expected loss of NT$ 2.73 billion ($87.68 million). The primary cause of this huge loss was HTC’s operating expenses, which essentially skyrocketed throughout ...

from PhoneArena http://bit.ly/2JE2iDp