HTC posts worst results in 14 years

Focus Taiwan
Date: 2016/02/03
By: Esme Jiang and Frances Huang

Taipei, Feb. 3 (CNA) Taiwan-based smartphone brand HTC Corp. (宏達電) on Wednesday reported its worst annual results since 2002 when it was listed on the Taiwan Stock Exchange.

At an investor conference, HTC said its annual consolidated sales fell 35.24 percent in 2015 to NT$121.68 billion, while it registered a loss per share of NT$18.78 due to escalating global competition.

In the fourth quarter of 2015, HTC posted a worse-than-expected loss per share of NT$4.1 and a gross margin of 13.9 percent, the lowest quarterly data in its history and its third consecutive quarterly loss.     [FULL  STORY]