HTC posts $3 billion loss for quarter 3, 2013

The smartphone and tablet competition could be getting smaller with HTC announcing a massive loss today for the third quarter of 2013. With BlackBerry on the ropes and Microsoft actually gaining some share, this could eventually become essentially a 3-way race in the near future. Here is the short press release from HTC:


HTC Corporation (TWSE: 2498), a global leader in mobile innovation and design, today announces unaudited consolidated results for 3Q 2013. For the third quarter of 2013, total revenues reached NT$47.05 billion. Unaudited operating loss was NT$3.50 billion, net loss before tax was NT$2.97 billion, net loss after tax was NT$2.97 billion, and unaudited earnings per share after tax were -NT$3.58 based on 830,403 thousand weighted average number of shares.