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HTC Returns To Loss Due To Unsold Products Dusting Away In Their Warehouses

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HTC-logo-offlineOn ot the top phone makers, HTC yesterday Monday announced that the company’s balance sheet is down again due to large unsold products wasting in their warehouses.

June 30, HTC acquired a huge net loss of 8.03 billion new Taiwan dollars (US$261million). The deficit covers the entire profit HTC has managed to raise in the past 1 year in a mission to rebuild the company’s financial strength.

The saddest part of the news is that they made only NT$33.01 billion in revenue during the 2015 Q2, and that’s nearly half of the NT$65.06 billion the company generated during the same period last year.

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