Wednesday, 3 February 2016
HTC reported its year-end results today and while they’re looking less scary than last quarter, everything isn’t rosy yet. The company laid off a significant amount of employees over the past few months to help recover its profits, which helped a small amount and recovered around $900 million NT ($268,000 USD) in operating profit, to a loss of $4.1 billion NT ($122 million USD). HTC’s CFO Hui-Ming Cheng said on the investor call that “to be very candid, our flagship [phones] did not perform well — actually, our flagships fell far short of our expectation for the entire cycle of 2015.” Cheng continued…
This story continues at The Next Web
