HTC has confirmed its financial results for the first quarter of 2013, having released unaudited results last month.
Revenue was NT$42.8 billion (£929 million), while net income was NT$85 million (£1.85 million). That’s a 37% year-on-year drop in revenue and a 98% drop in profit. The company expects revenue to increase to around NT$70 billion in the current quarter.
The new flagship HTC One smartphone was announced in February this year.