Taiwanese smartphone maker HTC plunged to its lowest closing share price in more than a decade Friday, a day after it posted its biggest ever quarterly loss. Once the star of the intensely competitive smartphone sector, HTC has seen its fortunes collapse as Samsung, Apple and strong Chinese brands like Lenovo and Huawei have surged head. HTC announced Thursday that it had swung to a deep loss of Tw$8.0 billion ($252.7 million) in the second quarter, from a net profit of $2.26 billion in the same period last year.



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