TCL is reporting its sixth consecutive quarter of losses in smartphone shipment numbers. Year-to-date, shipments are down 35 percent year-over-year to 32.9 million moves. It has also posted $129 million in losses for the first half of the year.

The Hong Kong-listed company, which also manufactures TVs, also acts as an ODM to several brands for smartphones. Alcatel has been a long-time hold while BlackBerry has been the highest profile get. Dormant Palm is supposedly getting a new smartphones after a years-long gap, too.

“Even though the [mobile] business is losing money, we are constantly looking for a balance, and thus the communications business is something we can’t give up,” said Li Dongsheng, chairman of TCL.

That said, Caixin reports TCL sold a 49 percent stake of its communications business to outside investors in October to two Chinese companies: telecoms specialist Unigroup and investment firm Vivid Victory.

Despite self-reported better numbers than ever for BlackBerry phones, it’s still going to take a lot to turn this ship around. Meanwhile, BlackBerry itself is recovering from its failed smartphone experiments.

[alert variation=”alert-warning”]Update: Passage on the sale of TCL stake was updated with a new source.[/alert]



Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.

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