HTC posts US$100 million loss in quarter to end-September

Taiwan based smartphone manufacturer, HTC has reported its first ever quarterly loss as the company continues to struggle to turn around its shrinking market share.

The company posted a net loss of NT$2.97 billion (US$100 million) for the three months to the end of September. A year ago, the company had posted a profit of NT$3.9 billion.

Revenues came in at NT$47 billion, sharply down on the NT$70.2 billion from a year ago.

The company does not give any indication of its handset sales breakdown in its financial statements.