HTC sales plummet 68 percent in June

CNET | 7/6/2018 | Marrian Zhou
doona07 (Posted by) Level 3
Click For Photo: https://cnet1.cbsistatic.com/img/dkx_e4SFpf2pdetgkEVvS21jNAo=/670x503/2018/06/09/920b3b67-2a92-469c-9a1a-2cb36d34af7d/htc-u12-1658.jpg




The HTC U12 Plus went on sale last month.

Things aren't getting any better for HTC. The Taiwanese smartphone maker on Friday said sales last month plunged 68 percent to NT$2.23 billion (US $72 million) compared with NT$6.9 billion in June 2017. It's the company's biggest slump in more than two years, reported Reuters.

Sales - Data - Point - String - News

The sales are just one more data point in a string of bad news for the beleaguered company that, despite posting a profit in its first quarter of 2018, had suffered 11 consecutive quarters of financial loss.

HTC on Monday said it will lay off 1,500 employees, or about 22 percent of its workforce, to cut costs and help it return to profitability, according to a tweet from Bloomberg's Taipei bureau chief, Samson Ellis....
(Excerpt) Read more at: CNET
Wake Up To Breaking News!
Tagged:
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!