HTC's financial crisis deepens with a fifth straight quarterly loss reported in Q2 2019
Summary
On the bright side, the faltering tech giant did lose slightly less money between April and June 2019 than On the bright side, the faltering tech giant did lose slightly less money between April and June 2019 than the first three months of the year , despite generating a lower revenue of NT$2.81 billion (compared to NT$2.94 billion). Interestingly, while HTCs losses grew slightly year-on-year, its overall revenue score practically fell off a cliff, from NT$6.8 billion back in Q2 2018. Unfortunately, the April - June 2019 timeframe was also the fifth consecutive quarter of heavy net losses for this Android pioneer, which is showing little to no sign of a recovery. For its part, the company is not touting any ambitious objectives in its latest financial summary, merely highlighting a "continued commitment" to the important mobile segment with the recently released U19e and Desire 19+ mid-range smartphones. HTC may have ended the years second quarter on an unusually high note , but the 94 percent June revenue increase compared to the previous month was not enough to stop the bleeding.