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HTC faces net loss of $103 million in the Q3 of 2017

According to DigiTimes, today, HTC released its financial results for the third quarter of 2017. The financial result shows that HTC has made a net loss of NT3.1 billion dollars (approximately $102.63 million, or NT3.8 dollars per share). This is the 10th quarter that HTC has made a financial loss.
HTC
HTC’s revenue was NT15.7 billion dollars in the third quarter, and its gross margin rate is 10.3%. The revenue shows a decline of 2/4% in the third quarter compared with the second quarter. HTC has an operating loss of NT3.3 billion dollars, and it has an operating profit margin of -20.9%. In the former three quarters of 2017, HTC’s net loss was NT6.85 billion dollars in total or NT8.64 dollars per share. HTC’s net loss was NT9.05 dollars per share in the former three quarters of 2016.

According to TrendForce, HTC’s smartphone output shows a decline of 46% in the third quarter compared with the second quarter due to a lack of new phone models. News from the industry claims that HTC’s revenue is estimated to rebound in the fourth quarter, driven by the recently launched U11+. However, it remains to be seen whether HTC can achieve a profit and loss balance.

Besides, HTC has announced that it will invest several millions of dollars to start a series of VR art projects for HTC Vive to promote global VR art and make VR application and content developer, art creator, and pertinent organizations change their method of art creation and experience through HTC Vive and VR technology.

Kylie

I love all digital products, mobile phones, laptops, cameras, headsets, etc. Writing news about these products is also my specialty.

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