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HTC’s Q2 profit plunges 60% amid turnaround struggles

HTC’s planned turnaround is going to take a lot longer than expected. The struggling smartphone company posted a second-quarter profit of NT$7.4 billion, or US$247 million, nearly a 60 percent decline from its year-earlier profit of NT$17.5 billion, or US$584.3 million. Revenue for the Taiwanese company fell by more than a quarter to NT$91.04 billion, …

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