After $102M Loss In Q3, HTC To Slash Operating Costs By 24%, Focus On Selling Cheaper

Struggling Taiwanese mobile maker HTC is planning to slash costs by nearly a quarter and sell cheaper handsets in the hopes of turning a profit in its Q4, it said in an investor call today (via Reuters). It also confirmed its Q3 net loss: this stands at NT$3 billion ($102 million), up slightly on the preliminary figure of NT$2.97 billion it released in October.

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