Taiwanese smartphone maker HTC said Monday its first-quarter revenue plunged by more than half, but that losses in its struggling business should end later this year as it banks on a new flagship product. The loss -- compared with profit of Tw$360 million a year earlier -- marked the fourth consecutive quarter of declines for HTC, once the star of the intensely competitive smartphone sector. "We are actually quite hopeful that the HTC 10 will bring back the momentum," he said.



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