HTC running smaller loss on higher sales

HTC has realized a small increase in sales in the third quarter of 2016. There was still a loss of 1.8 billion Taiwan dollars or 52 million euros, but that loss was more than twice as high a year earlier.

Turnover rose from 21.4 to 22.2 billion Taiwanese dollars or 645 million euros, the company announced at the presentation of its quarterly results. HTC realizes an increase in turnover for the first time since the fourth quarter of 2014.

GROWING ONCE AGAIN

The company grew rapidly until 2011 but then had to deal with years of contraction. Since the second quarter of 2015, the company was at loss. According to the company, things are going better again towards success in the smartphone and virtual reality division. Also, the costs are well under control.

Exact sales quantity of HTC phones and the company’s Vive glasses are not known. HTC itself is a small player in the smartphone market, but it was made accountable for manufacturing Pixel phones for Google.

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