Just weeks after the stunning HTC One M8 was officially unveiled, the Taiwanese manufacturer has posted a $62 million (£37.4m) loss for the first quarter of 2014.
Continuing HTC’s financial woes, the loss is the second major setback in the past three quarters, with the $62.06 million figure a pre-tax net loss from a revenue of $1.1 billion (£663m).
Running from January 1 2014 to March 31 2014, the Q1 loss does not include sales of the new HTC One M8, a metal-bodied phone, and direct Samsung Galaxy S5 rival which was formally unveiled and released in the UK on March 25.
Despite a slow start to the year, a period that could have been effected by anticipation of the new release, HTC has remained confident of growth during the coming months.
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Although the flagship HTC One M8 has grabbed consumers’ attentions and turned industry heads, the company’s broader product portfolio – especially mid-range and lower-range offerings – has struggled heavily over the past year.
With fewer HTC handsets entering these markets, the HTC One maker has seen entry-level phone sales overpowered by a range of Samsung devices and the likes of the Motorola Moto G.
The HTC One M8 is a flagship powerhouse, with a 5-inch, 1080p Full HD display and Google’s latest Android 4.4.2 KitKat OS paired with a 2.3GHz quad-core Qualcomm Snapdragon 801 processor and an innovative, dual-lens 4-UltraPixel rear-mounted camera.
Read More: HTC One M8 vs Samsung Galaxy S5
Via: TechCrunch
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