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HTC reportedly likely to post first quarterly loss following HTC One mini production woes

Zach Epstein
September 24th, 2013 at 8:00 AM
HTC Earnings Q3 2013

HTC is increasingly likely to post its first-ever net loss this quarter, according to a new report from Reuters. The site spoke to several unnamed sources who said HTC has been facing supply constraints related to the new HTC One mini’s aluminum case. According to the report, design issues have led to manufacturing difficulties that have slowed yields and demand is not being met as a result. HTC reported unaudited August revenue that fell by almost half compared to the same month last year, despite the fact that the company’s current flagship smartphone, the HTC One, is probably the best Android phone on the planet. The company’s newer One mini is a scaled down version of that phone available at a lower price. While it’s a solid mid-range phone, analysts estimated that HTC would only ship about 200,000 units per month following its launch.

Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.

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