HTC reported another dismal Christmas quarter, posting a razor-thin $10 million unaudited net profit that missed analysts’ expectations by $12 million. And that profit was only achieved thanks to the company’s $265 million sale of its stake in Beats Electronics. This quarter was another letdown in a streak of bad reports that now extends to two years. But it wasn’t just another quarter for HTC — this was a crucial period for the company’s future. HTC launched its heavily marketed phablet, the HTC One max, in key Asian markets and in the United States in November. This was the phone that HTC absolutely needed to turn into a decent hit after the brutal disappointment its well-reviewed HTC One turned into during the summer.
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