HTC Loses $62M, Pins Hopes on M8 Sales

Smartphone maker HTC posted yet another loss -- its second in the last three quarters. The first quarter loss totaled a whopping $62 million. The company is now hoping its soon-to-be-released HTC One M8 will reverse its fortunes.

The M8 version of HTCEUs flagship smartphone is set to invade the market on April 10 with an all-new HTC Sense 6 and a Smart Sensor Hub that promises to anticipate your every need. The Android mobile operating system-powered HTC One M8 has a 5-inch full HD display and a design that tapers to thinner edges with softer curves the company claims offers a more natural grip. The device also boasts removable storage, making room for up to a 128GB micro SD memory card.

In the announcement, HTC CEO Peter Chou was full of hyperbole, noting that in 2013 he introduced EUthe best smartphone in the world,EU but that the company didnEUt stop challenging itself and the smartphone status quo. He called the HTC One M8 the EUmost stunning, intuitive and advanced handset that the industry has seen to date.EU

Settling Supply Stalls

We caught up with Avi Greengart, analyst at Current Analysis, to ask him one pointed question: Can the HTC One M8 reverse the companyEUs loses? He told us he hopes so and offers a few reasons why it may.

EUItEUs a gorgeous, gorgeous device. ItEUs very fast,EU Greengart said. EUHTC has much better distribution this time around than last year.EU

Indeed, when the HTC One rolled out last year the handset maker struggled with supply constraints. Greengart pointed out that even after other carriers were stocking the phone, it took Verizon Wireless another four months to get the device on store shelves. He figures HTC would have sold more One devices at launch if there had been an abundant supply. The good news: HTC...

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