By: Jeffrey Wu and Frances Huang
In a statement released Friday, HTC said its net loss for the April-June period stood at NT$1.84 billion (US$62.37 million), or NT$2.23 per share, compared with NT$1.69 billion in net loss, or NT$2.05 per share, in the first quarter.
In the three-month period, HTC posted NT$1.34 billion in consolidated sales, little changed from a quarter earlier.
The company said the further losses reflected a lack of economies of scale for its products, while market analysts said the Taiwanese vendor remained haunted by escalating competition in the global smartphone market. [FULL STORY]