HTC Q2 results show a 27% boost in revenue, still at a loss

HTC posted unaudited financial results for the Q2 2016 and the company boasts a 27% increase in revenue over the previous quarter on the back of the HTC 10 flagship and the Vive VR headset. The revenue for the period is $598.4 million (NT$18.9 billion) with a gross margin of 11.4%.

Sadly for HTC, its operating loss is $132.9 million (NT$4.2 billion). However, HTC has sold the land under its property in Taoyuan, which got it $31 million (NT$1.0 billion) in its pocket.

HTC expect sales momentum of the HTC 10 to continue. The company continues regional and channel expansion in order for its VR tech to reach more customers.

Source

Let's block ads! (Why?)