Vive maker HTC hits rocky waters in latest results

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.