posted its Q2 2016 earnings, of $598 million (NT$18.9 billion). That's up 27% from the , but a drop of 44% from the same period a year ago.
The Taiwanese vendor recorded a net loss of $133 million (NT$4.2 billion), with the failing to turn things around. Looking ahead to the latter half of 2016, HTC is placing its bets on its flagship device and the VR headset, creating a "robust VR ecosystem through regional and channel expansion and collaboration with developers to create contents in diverse categories and verticals."
In a statement, CEO and chairwoman Cher Wang said:
In the space of one year, we have reimagined the company, reclaimed our top spot for innovation, and demonstrated solid execution across our major product lines. I believe that HTC has regained its innovative zeal and is looking ahead with confidence and ingenuity.
The Taiwanese vendor recorded a net loss of $133 million (NT$4.2 billion), with the failing to turn things around. Looking ahead to the latter half of 2016, HTC is placing its bets on its flagship device and the VR headset, creating a "robust VR ecosystem through regional and channel expansion and collaboration with developers to create contents in diverse categories and verticals."
In a statement, CEO and chairwoman Cher Wang said:
In the space of one year, we have reimagined the company, reclaimed our top spot for innovation, and demonstrated solid execution across our major product lines. I believe that HTC has regained its innovative zeal and is looking ahead with confidence and ingenuity.