HTC reports dismal Q3 – more info

HTC has just released its preliminary unaudited financial results for the third quarter of 2013, and the company has posted an operating loss of over $101 million (NT$2.97 billion). Just as it warned back in July, this is HTC’s first operating loss in company history and it wasn’t even close to breaking even. Here’s how the quarter’s financials break down:

-Total revenues of $1.6 billion (NT$47.05 billion)
-Operating loss before tax of $119.4 million (NT$3.50 billion)
-Operating loss after tax of $101.3 million (NT$2.97 billion)
-Earnings per share after tax of -$0.12 (-NT$3.58)

It seems even after releasing one of the best phones this year, the competitive forces are proving a struggle for it to compete with. Lets hope this isn’t the next BlackBerry.

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