HTC posts yet another loss right before the HTC One M8 release
It’s starting to look like the HTC One M8 is HTC’s last hope. The Taiwanese manufacturer is continuing to struggle financially, as it posted yet another quarterly loss earlier today. While HTC had just over $1 billion in revenue during Q1 2014, it was not enough to cover all of its operating expenses; the company posted a net loss of $62 million after taxes.
This comes after a modest after tax profit during the previous quarter, and given that the One M8 looks like it has the potential to be a huge hit, it might be just what HTC needs now.
Indeed, HTC did emphasize that revenue for March was up 2.2% year-over-year, which breaks a two year trend of declining revenue. However, most of HTC’s March success should be attributed to the first round of inventory sales to cell phone providers in Europe and North America, so it will be interesting to see if HTC can keep up this momentum. I have my fingers crossed.[Bloomberg]