HTC records the first ever quarterly loss

HTC has reported its first quarterly loss ever in its financial reports for the three months ending in September 2013.

Posting a net loss of 2.7 billion Taiwan dollars (£ 62 million), HTC has slipped into the red for the first time, despite the launch of flagship smartphone HTC One.

Struggling to compete with the likes of Apple and Samsung, the Taiwanese maker of smartphones has seen sales heavily influenced by supply chain issues and internal turmoil.

The company has also published a 3.5 billion Taiwan dollar (£ 74 million) operating loss, a figure of recording sales a third less for the same period last year.

HTC may follow in the footsteps of BlackBerry and Nokia, looking for a larger company to buy out the ailing manufacturer and assist in future.

However, the HTC was adamant that a sale is not an option, despite analysts suggesting that the prospects for the future is pretty bleak.

"Basically there are a lot of things that need to be corrected," said Laura Chen at BNP Paribas. "[Is] no sign of recovery any time soon."

Analysts suggest HTC must face his suppoly marketing, management and streamlining its product line.

Although the HTC CEO Peter Chou is not accepting any interviews, HTC has offered this statement to Reuters:

"HTC and broad-based employee remain committed to leadership of Peter Chou. The family of products (Flagship) HTC One – that has met the media and consumer awards – was the result of the vision and leadership of Pete and speaks for itself. "

The HTC One was released in February with great critical success thanks to its aluminium design, improved HTC Sense UI and technology UltraPixel camera.

HTC has since released the HTC mini One as an alternative to the top model by 4.3 inches.

Next, read our choice of the best mobile phones of 2013.

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BlackBerry to cut 4,500 jobs ahead of a quarterly loss of $ 1 billion expected

Ailing smartphone maker that BlackBerry has revealed that must pay the 40 percent of its workforce, with 4,500 job cuts to do ahead of a quarterly loss of $ 1 billion.

Having been forced in a previous job cuts in recent years, mora, formerly known as RIM, failed to lift the fortunes and now will begin the process of making redundant over the coming months the 40 per cent of its global workforce.

A former industry giant smartphone, BlackBerry has failed to keep pace with the likes of Apple and Google in the mobile market, in recent years. The company predicted second-quarter losses $ 995 million (£621 m).

In the wake of the announcement, stock prices BlackBerry plummeted 17 percent, spelling more trouble for the Canada company.
Making the announcement, CEO of BlackBerry Thorsten Heins released a statement outlining the company's plans to streamline its employment numbers and business propositions.

"We are carrying out the difficult, but necessary changes he announced today operating to deal with our position in an increasingly mature and industry more competitive and to drive the company toward profitability," he said.

"Going forward, we intend to concentrate our offer on our end-to-end solution of hardware, software and services for businesses and end users productive, professional".

BlackBerry work cuts announcement comes 24 hours after the company quietly unveiled its largest offering smartphone, the BlackBerry Z30. In addition, the BBM app for Android will be officially launched later today.

After launching his new BlackBerry OS 10 this year in an effort to be more competitive with the likes of Apple and Android, devices such as the iPhone and Samsung Galaxy 5 S4 continue to outshine the interest in the new BlackBerry OS.

Having been plagued by extensive delays, BB10 reception fell a little flat, with the platform currently supported BlackBerry phones, the Z10, Q10 BlackBerry and BlackBerry Q5, all having failed to garner much consumer interest.

Read more: BlackBerry Q10 review

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