HTC posts first profit in 11 quarters

Industry News - May 09, 2018 by Cellpex admin    
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Ahead of its flagship announcement on May 23, HTC just reported its first profitable quarter after 11 consecutive in the red. The report lists $710 million net profit, but the $1.1 billion deal with Google is partially responsible for that. For those of you who don't know, Google paid HTC $1.1 billion to hire engineers that were working on the Pixel smartphone last year. Unfortunately, though, this quarter's performance is slightly overshadowed by the 55% decrease in revenues year-over-year in April. Source

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