HTC Swings to First-Ever Quarterly Net Loss
HTC Friday announced its first net loss for a quarter ever.
According to a statement, HTC will mark down a $101 million loss on revenue of $1.6 billion.
The news comes as HTC struggles to find its feet in a smartphone market dominated by Samsung and Apple. According to ComScore, HTC's U.S. market share slipped almost a percentage point from the three-month period ending in April at 8.9 percent, to just 8 percent in the the three-month period ending in July.
Aside from flagging device sales, HTC has been plagued by other bad news of late, including delays of its HTC One Mini, possible layoffs and even the prospect that the company be looking to sell itself off.
Bloomberg today reported that Microsoft was in talks with HTC to possibly adding its Windows operating system to HTC's Android phones. Citing people familiar with the matter, Bloomberg reported that Microsoft's Terry Myerson asked HTC to load Windows Phone as a second option on the Android handset. Myerson supposedly offered the possibility of "cutting or eliminating" the licensing fee Microsoft charges to use its operating system.