HTC Slows In Latest Quarterly Report
HTC has again reported a net loss in its latest quarterly report.
The company brought in quarterly revenues of $156.14 million, a 9.29% dip on the previous quarter and a 18.03% reduction on the previous year’s results.
All told, the company recorded a net loss to the sum of US$66 million.
“The pursuit of brilliance continues to be our driving inspiration in everything we do,” said Cher Wang, Chairwoman and CEO of HTC.
“With renewed focus and clear processes in place, our design and engineering teams have been reinvigorated, positioning us well to build on last year’s breakthrough year of innovation.”
They say their ongoing program of realigning resources and streamlining processes continued to reap benefits, “recording an opex saving of 20% over the quarter and quarterly gross margin at 16.3%, while maintaining its signature high levels of innovation and quality design and manufacture.”
HTC insists that all of their business units demonstrated their innovation prowess in Q1 2017, earning recognition for new product developments. In particular, they say the launch of their new U smartphone range will put them in a strong position to launch their mid-year flagship device.