HTC posts $133 million loss for Q2 2016, even with strong Vive sales

HTC Vive sales were strong in Q2 2016, but HTC still posted a $133 million loss for the quarter.

@anthony256
Published Wed, Aug 3 2016 4:31 AM CDT   |   Updated Tue, Nov 3 2020 11:59 AM CST

HTC has just posted its Q2 2016 financials, with the Taiwanese giant bleeding another $133 million for the quarter, even with strong Vive and HTC 10 smartphone sales.

HTC posts $133 million loss for Q2 2016, even with strong Vive sales | TweakTown.com

Compared to the same quarter of 2015, HTC's sales are down 42.7%, but not as bad as the quarter that just passed, where HTC sales plummeted by 64%. This is the fifth quarter in a row that HTC has had troubles financially, but when the company saw that it was going to have a hit with the Vive headset, it creates its own subsidiary company known as HTC Vive Tech Corporation in order to manage it.

The company received a $100 million fund to expand the Vive ecosystem, and sales from this division count towards HTC's overall earnings. HTC has been shy on revealing the amount of Vive headsets that it has shipped, which would be nice to know right about now.

NEWS SOURCE:engadget.com

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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