HTC Has Terrrible Q4

HTC had a poor Q4 in 2017 with a loss of NT$9.8 billion ($337.4 million) on revenues of NT$15.7 billion ($536 million). The company did a deal to sell its smartphone engineering group to Google, but the $1.1 billion from that transaction will not be recognised until Q1 2018.

Analyst Comment

The terrible result in Q4 underlines the need for HTC to change its business model significantly. The company is starting to dominate the VR segment, so the management must be hoping that its pivot is successful. (BR)