HTC released its results for the second quarter of 2018 and they don’t look good, nor surprising.
In the period spanning April 1 to June 30 HTC made NT$6.8b in revenue (€191m) and an operating loss of NT$3.4b (€99m) and a net loss of NT$2.09b (€82m).
HTC’s quarters are looking worse and worse. HTC made NT$6.8b in Q2 this year compared to NT$16.1b in the same period of 2017.
That puts HTC’s numbers for the first half of 2018 at NT$15.6b in revenue and NT$8.3b in operating loss.
This is a reduction of 53% over the first half of 2017. So far this year HTC sold off its Pixel division to Google, laid off 22% of its workforce and exited the Indian smartphone market – all signs of a company about to go belly up very soon.