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HTC reports another quarterly loss, but things are improving

July 30, 2021


The second quarter is over and former smartphone giant HTC has announced its financial results. The Taiwanese brand posted another loss, though the situation continues to improve.

HTC’s losses almost halved thanks to an improved operating margin

HTC reported consolidated revenues of NT$ 1.35 billion ($47.8 million) for the second quarter of 2021. Total sales remained flat year-over-year, putting an end to the consistent declines.

Additionally, losses narrowed to NT$ 1 billion ($36 million) during the quarter from NT$ 1.7 billion ($61 million) a year ago, a significant improvement that was attributed to further cost reductions and margin improvements.

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