HTC have released their first quarter earnings statement. Bad news probably doesn’t adequately describe the results.

Things are not looking great for the Company with a recorded loss of 30% in profits. Net total was listed at NT$4.89 billion ($US148 million), which you’d think was pretty good however the difference for the same time last year is staggering. At the same time last year, the Company recorded NT$6.94 billion (or $US210 million).

Overall, is was not all doom and gloom. Analysts predicted that Company would have a harder time this year. Predictions were listed at NT$4.64 billion ($US140 million) for Q1, which they beat; just. The reasons behind not doing even better was put down to missing product shipment dates, many of which pushed back into April.

[via MocoNews]