informa
1 MIN READ
News

Vive maker HTC hits rocky waters in latest results

The financial state of the mobile phone maker has declined considerably in the last year, and as the Vive takes off, the company needs a new hit product.

Taiwanese mobile phone maker HTC, which collaborated with Valve on the design of and manufactures the Vive VR headset, is not doing so well financially. The results from its latest quarter paint a picture of a company that badly needs a new hit product.

The company posted a loss for the quarter of 4.8 billion Taiwanese dollars, or $148 million, on revenues of 14.8 billion Taiwanese dollars ($460 million), representing a 64 percent drop in revenue year-on-year. 

“The media and consumer buzz around HTC, including for the keenly awaited launches of the flagship smartphone and Vive virtual reality system, clearly demonstrate our leadership in innovation, and have provided a great boost to the HTC brand,” CEO Chialing Chang said in a statement alongside the results. Aside from the Vive, the company recently released a new flagship smartphone, the HTC 10, which is earning stellar reviews

Unfortunately, it seems the company didn't break out sales data for the Vive in its results, so we can't offer a picture into the performance of the headset so far. 

Latest Jobs

Xbox Game Studios

Redmond, Washington
10.5.22
Technical Lighting Artist

Innogames

Hamburg, Germany
10.5.22
Game Designer - Elvenar

Six Foot

Houston, TX
10.3.22
Six Foot Director, Player Relations

Hometopia Inc.

Remote
10.7.22
Lead Engineer
More Jobs   

CONNECT WITH US

Explore the
Subscribe to
Follow us

Game Developer Job Board

Game Developer Newsletter

@gamedevdotcom

Explore the

Game Developer Job Board

Browse open positions across the game industry or recruit new talent for your studio

Browse
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more