HTC reports a profit of around $10.3 million with the help of selling Beats Audio stake

Posted Jan 5, 2014
HTC has reported their second quarter results and it indicates that the company is not doing much better than before. HTC reported their first quarterly loss in company history in the last quarter. Today HTC reported a net profit of NT$310 million ($10.3 million) on revenues of NT$42.9 billion ($1.4 billion). The $10 million profit is largely due to the one-time sale of HTC’s stake in Beats Audio. HTC made $85 million in profit from selling their remaining shares in Beats Audio.
[Source: TheVerge]