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HTC narrowly avoids second quarterly loss by selling Beats stake

05
Jan
2014

Taiwanese smartphone maker HTC is having some serious financial troubles, and they dont appear to be getting much better. Three months ago, HTC reported its first quarterly loss in company history, and today it narrowly managed to avoid making that two losses in a row. Today, for the fourth quarter of 2013, HTC reported net profit of only NT$310 million (about $10.3 million) on revenue of NT$42.9 billion (about $1.4 billion). HTC has seen a number of senior executives leave in recent months, but its putting on a brave face in public.

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