HTC incurs more losses in Q2 but gross margin up

Focus Taiwan
Date: 08/15/2020
By: Jeffrey Wu and Frances Huang

CNA file photo.

Taipei, Aug. 15 (CNA) Taiwan-based smartphone brand HTC Corp. saw its net losses extended in the second quarter from a quarter earlier, although its gross margin rose for the 10th consecutive quarter.

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]

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