HTC 10 And Vive Bolster HTC Q2 Results, But Loss Posted
HTC is looking to its flagship HTC 10 smartphone, along with its Vive virtual reality system, to deliver momentum heading into the second half of the year, after it saw revenue grow from quarter one in the second quarter but again posted a net loss.
HTC posted revenue of NT$18.9 billion (around $786 million) for the quarter, up 27 per cent over the first quarter, but down from NT$33 billion year-on-year, with HTC singling out the contribution of the HTC 10 and Vive.
HTC recorded a quarterly net loss after tax of NT$3.1 billion, as opposed to a loss of NT$8 billion year-on-year and a loss of NT$2.6 billion in the previous quarter.
A quarterly operating loss of NT$4.2 billion compared to a loss of NT$5.1 billion in last year’s corresponding quarter and a loss of NT$4.8 billion in the previous quarter.
HTC stated that the HTC 10 and Vive “gave a boost to the HTC brand” and contributed to the rise in revenue over the previous quarter.
It stated that it “has seen keen worldwide interest in the HTC 10, with sales momentum set to continue well into the second half of the year”.
“After strong sales during the pre-order period for Vive in the latter half of Q1 ’16, deliveries of the consumer edition started on schedule on 5th April, while the business edition for enterprise customers was launched in June,” HTC stated of the Vive.
“To underpin and foster the growth of the virtual reality industry, HTC has been building a robust ecosystem through collaboration with content developers, infrastructure partners and strategic industry partners, including the creation of content spanning multiple sectors, such as entertainment, retail, education, design, healthcare and automotive.”
HTC stated that “there has been an aggressive program of regional and channel expansion across the US, Europe and Asia” for the Vive, to ensure wide availability.