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View Full Version : Taiwan's HTC banks on new phone, virtual reality as sales plunge



Wireless News
05-09-2016, 08:17 AM
http://l2.yimg.com/bt/api/res/1.2/6NDT55aLHk7EPmCuBuDZmA--/YXBwaWQ9eW5ld3NfbGVnbztmaT1maWxsO2g9ODY7cT03NTt3PT EzMA--/http://media.zenfs.com/en_us/News/afp.com/Part-HKG-Hkg10133915-1-1-0.jpg (http://news.yahoo.com/taiwans-htc-banks-phone-virtual-reality-sales-plunge-101650271--finance.html)Taiwanese smartphone maker HTC said Monday its first-quarter revenue plunged by more than half, but that losses in its struggling business should end later this year as it banks on a new flagship product. The loss -- compared with profit of Tw$360 million a year earlier -- marked the fourth consecutive quarter of declines for HTC, once the star of the intensely competitive smartphone sector. "We are actually quite hopeful that the HTC 10 will bring back the momentum," he said.



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