HTC reports first ever quarterly loss

HTC One The launch of new products has so far failed to trigger a recovery for HTC

Related Stories

Taiwanese mobile phone maker HTC has reported its first ever loss as it continues to lose ground to rivals.

It made a net loss of 2.97bn Taiwan dollars ($100m; £62m) in the three months to September.

Its numbers are in sharp contrast with rival Samsung, which has forecast record profit for the same period.

HTC was one of the early market leaders in Android smartphones, but has lost market share to rivals such as Samsung and Apple in recent years.

It has launched new products, such as the HTC One, in an attempt to regain some of the lost ground.

While the firm has claimed that the response to those products has been encouraging, analysts have warned that prospects of a recovery continue to remain weak.

Laura Chen, an analyst at BNP Paribas, said that there were "no signs" of a recovery anytime soon.

The company's shares have fallen more than 50% over the past 12 months amid concerns over its future growth.

More on This Story

Related Stories

More Business stories

RSS

Features

  • SyedTanks instead of toys

    Lyse Doucet on the plight of children in Syria and Gaza


  • Silhouette of manSuper-shy

    Why do Germany's super-rich so often keep their heads down?


  • Children playing in Seoul fountainDay in pictures

    The best news photos from around the world in the past 24 hours


  • Gin drinkerMother's ruin

    The time when gin was full of sulphuric acid and turpentine


From BBC Capital

Programmes

  • The smartphones of shoppers being tracked in a storeClick Watch

    How free wi-fi can enable businesses to track our movements and learn more about us

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.