TAIPEI (Reuters) - HTC Corp posted a third-quarter net loss of T$2.97 billion (61.8 million pounds), its first ever quarterly loss, hit by fierce competition in the smartphone market, supply chain constraints and internal turmoil.

The figure was bigger than an expected loss of T$1.8 billion, according to Thomson Reuters SmartEstimates and compares with a net profit of T$3.9 billion in the same quarter last year.

It also posted an operating loss of T$3.5 billion.

(Reporting by Faith Hung; Editing by Edwina Gibbs)

 

Advertisement