HTC’s Q2 profit tumbles as company forecasts first-ever loss for Q3

They say the darkest hour is just before dawn, and HTC certainly hopes “they” are right. The company on Tuesday posted second-quarter financial results that were in line with its unaudited pre-announcement. Profit tumbled more than 80% to approximately $41.7 million on revenue that came in just under $2.4 billion. The bad news gets worse, however. HTC said that it may post an operating loss in Q3 2013 for the first time since before its IPO as revenue and gross margins both continue to slip. On the bright side, however, the company noted that the HTC One outperformed last year’s hero models and it helped HTC “establish strong brand awareness.” No shipment or sell-through numbers were provided. HTC’s full press



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