HTC profit plummeted nearly 80% ahead of HTC 10 debut

$%name HTC profit plummeted nearly 80% ahead of HTC 10 debut by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley$

The pressure is mounting on HTC’s new HTC 10 flagship phone and Vive virtual reality headset following an abysmal earnings report for the first quarter of the year. HTC on Monday morning announced that its March-quarter revenue dropped by a staggering 64% compared to the same quarter last year. Worse yet, HTC said its profit during the first quarter of 2016 plummeted 78%.

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