HTC warns of third-quarter losses

Taiwanese smartphone maker hit by competition from Samsung and Apple, as well as failed venture with AT&T and Facebook Taiwanese smartphone maker HTC has warned that it expects to slide to its first-ever loss during the third quarter, as its second-quarter profits slumped 83% year on year. HTC announced profits of just NT$1.2bn (£26.3m) on revenues of NT$70.7bn, down 22%. Amid signs that the top ...

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