The company announced the HTC about its annual report about the profit the last quarter of each year, the report revealed huge losses to the company in the fourth quarter of 2017.
Dip the profit margin of the company is estimated at 30.8% after achieved revenues of approximately of$ 540 million. But this quarter saw an operating loss of $ 330 billion, and declining margin of operation to 60.8%. This quarter also witnessed a net loss of $ 337 million, which is equivalent to a loss of 0.41% for each market share.
Said HTC that the losses received by the company came due to the fierce competition with other companies, as well as modify the products launched.
Featuring the Taiwanese company with its manufacturing system and virtual reality, but it experienced a steady decline during the past years especially in the smart phone market, except that the acquisition, Google have recently can amend it.
Google has acquired a section of smart phones in the company, in order to manufacture the phones the Google pixel. Which is what you’re trying to HTC to exploit by investing in other areas to raise the level of competition in the market, according to what was announced by company officials.
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