HTC's Q3 financial results are in: weak revenue and big losses
The HTC U12+
For the period ending September 30, HTC saw total revenues of just $130.8 million, a figure which represents a drop of almost $400 million versus the previous year. However, it's worth noting that the Taiwan-based company’s efforts to reduce operating costs were very noticeable, going from a whopping $453 million a year ago to just $123 million during the latest quarter. Rather unfortunately, though, HTC still posted a pretty big loss of $84 million for the three-month period. For reference, the company lost $68.3 million in Q2.
The company does also appear focused on its smartphone business and noted the launch of its recent Exodus 1 blockchain phone. Considering the limited interest in this kind of device, though, it’ll remain to be seen if it positively impact HTC’s financial status in the near future.
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