Not a good day for HTC today as the company announced its financial results for the first quarter of 2014 ahead of the release of its new One flagship.
The company said in a statement today that the first quarter loss of 2014 was estimated to be NT$1.88 billion ($62 million), slightly higher than the NT$1.71 billion average loss forecasted by 13 analysts. The company’s revenue for the first quarter also declined from NT$42.8 billion to NT$33.1 billion. However, sales in March increased by 2.2% to NT$16.2 billion, the first increase in sales since October 2011. » Read the rest