HTC Faces Supply Chain Difficulties, Expects Poor Q3By cheatmaster 04:26 Sat, 17 Jul 2021 Comments
HTC is currently experiencing distress related to the supply of its latest smartphone the One mini, according to sources close to the manufacturing process quoted by Reuters.
More specifically, there is a shortage in the casing of the smartphone resulting in disturbance in the overall supply. As a result, the demand from telecoms and consumers can't be met.
HTC reportedly will only ship about 200,000 One mini smartphones each month, which is less than ideal for the company. Analysts predict that if the problem with the company's supply chain persists, it might be looking at a grim Q3 financial prospect.
In fact, this might very well be the first quarter to see the company post net loss. The third quarter of the year ends next week, with the report expected in October, so we'll see just how poor of a time HTC is actually having.
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