HTC declares unaudited loss for Q2 2015



HTC has announced a notable financial loss for the second quarter of the year, having released its unaudited results earlier today. The news is not completely unexpected, as HTC has been struggling with poor smartphone sales this year.

The company had been expected to post revenue somewhere in the region of NT$65 billion for the second quarter, but has declared an unaudited revenue of only NT$33.01 billion ($1.07BN) for the quarter ending June 30. This means that HTC will post an operating loss of NT$5.14 billion ($166M) for Q2 2015, plunging the company into a significant quarterly loss.

The second quarter of the year is usually strong for HTC, as it directly follows the launch of its latest flagship smartphone. Such a noticeable loss in this quarter leaves the rest of the year looking pretty miserable for the company.

Last year, HTC managed to return to minor profit after a…

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