HTC Q2 sales crash

HTC recorded a fifth quarterly loss in calendar Q2, the Taiwanese handset maker confirmed today.

For the quarter ended June, sales collapsed to NT$18.9bn ($597.7m/ £448.8m), down from NT$33bn ($1.04bn/ £783m) in the same period a year ago, as gross margin slumped to 11.4 per cent from 19.3 per cent.

The company sold off some land in Taoyuan for NT$1bn, which helped to cut the operating loss to NT$4.2bn versus $5.1bn. Net loss was also better, coming in at NT$3.1bn compared to $NT8bn.

The company continues to pour resources into building its Vive business for multiple markets, including a business edition for enterprise customers.

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