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.
Reader comments
- Anonymous
- BYte
News headline misses the real math. Q2 2015 made $ 1.07 billion at a operating loss of $ 5.14 million whereas Q2 2016 does not even reach $ 600 million at a loss of $ 132 million. This means a 44% revenue fall. Q1 went down 64%. Honestly, HTC is ...
- js
- XNpB
htc is the one of the best mobile phone brand. because design technology and ending. but htc not triying race with onether brands. onether brands use colurfull menu and beutifully themes for there brands and make many many type models. example for hu...
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