HTC has had a rocky couple of years and news that it's finally made its first loss hasn't come as a particular surprise.
The Taiwanese firm's profits have been slim for the past few quarters, and during the third quarter of 2013 HTC announced it had made a net loss of $101 million (around £63 million, AU$107 million).
What has been surprising though is the sales of the HTC One which are rumoured to have missed the targets the company placed on the handset, even though it received stand out reviews including a coveted 5 stars from TechRadar.
It seems that HTC has decided to move away from the Windows Phone game as well, after the muted response to the 8X and 8S last year - although Microsoft is said to be pushing the Taiwanese outfit to manufacturer more.
- Check out the five star smartphone in our in depth HTC One review
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John joined TechRadar over a decade ago as Staff Writer for Phones, and over the years has built up a vast knowledge of the tech industry. He's interviewed CEOs from some of the world's biggest tech firms, visited their HQs and has appeared on live TV and radio, including Sky News, BBC News, BBC World News, Al Jazeera, LBC and BBC Radio 4. Originally specializing in phones, tablets and wearables, John is now TechRadar's resident automotive expert, reviewing the latest and greatest EVs and PHEVs on the market. John also looks after the day-to-day running of the site.