By: Jeffrey Wu
Taipei, Sept. 3 (CNA) Taiwanese smartphone maker HTC Corp. (宏達電) on
Thursday reported its lowest monthly revenue in more than eight years, citing a product transition period and business realignment program.
The Taoyuan-based company reported consolidated revenue of NT$6.89 billion (US$212 million) for August, the lowest since it posted NT$6.59 billion in February 2007.
On Aug. 13, HTC said it was planning to cut its global workforce by 15 percent — around 2,300 jobs — as part of a business realignment plan to seek “significant profitable growth with a leaner and more agile operating model.” [FULL STORY]