HTC’s financial crisis deepens with a fifth straight quarterly loss reported in Q2 2019

HTC may have ended the year’s 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. After crunching the numbers, the Taiwan-based company has just released its official Q2 2019 financial report, with net losses reaching NT$2.23 billion ($70 million), up from NT$2.09 billion during the same period last year. 

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 …

Go to Source