Taiwanese company HTC reported its financial results for the second quarter 2016. At the end of the reporting period, HTC's revenue increased by 27% compared with the previous quarter.
As GSMArena reported in the second quarter 2016 HTC had revenue of $ 598.4 million and gross margin was 11.4%. $ 31 million Taiwanese company has gained from the sale of land in Taoyuan, located in the northwestern part of Taiwan. HTC Operating loss for the last quarter amounted to $ 132.9 million.
HTC expects further profit growth stimulates the launch of a new flagship smartphone HTC 10, which was submitted in April. Also, HTC reach more customers to help the development of VR-technologies. By the way, in the quarterly press conference it was told that the HTS had to raise the price of the helmet Vive virtual reality in the UK due to the weakening of the local currency against the dollar. HTC Vive rose from 700 to 759 pounds. Guide Taiwanese company noted that the HTC Vive has a positive impact on the financial state of HTC.