Water is wet, the sky is blue, and HTC bleeds money like no other veteran smartphone manufacturer. Including over the holidays, when believe it or not, the long-struggling Taiwanese company managed to post worse financial results than in a not-so-terrible previous quarter.
While revenues were perfectly flat between October and December 2016, at NT$22.2 billion, operating profit was actually sequentially down. Or rather losses were up, from NT$2 billion during last year’s third quarter to NT$3.6B now, which equates to roughly US$117 million.
