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HTC Reports Net Loss Of Over $101 Million In Q4, 2015

February 3, 2016 - Written By Kishalaya Kundu

HTC has been having a tough time over the past year or two, what with its smartphone sales slowing to a crawl. The company has now announced its Q4, 2015 results, which shows an overall net loss of NT$3.4 Billion ($101 Million) in the quarter ended December 2015. The company earned revenues of NT$25.7 Billion ($770 Million) during the period, which is almost half of the company’s consolidated revenues of NT$47.9 Billion ($1.43 Billion) for the same period in the preceding year. Sequentially, however, the figures look a little bit better, but that’s mostly because the final quarter of a calendar year represents the holiday shopping season in most markets around the world. In the July – September quarter, the Taiwanese tech company had reported a net loss of NT$4.48 Billion ($133 Million) on revenues of NT$21.4 Billion ($638 Million).

HTC’s smartphone business has been experiencing a downturn in recent times, and the Taiwanese tech company is hoping that its bet on the virtual reality sector pays off. The company’s co-founder and CEO, Ms. Cher Wang, even said as much just last month. While talking about the company’s upcoming Vive virtual reality headset, Ms. Wang made her stance amply clear that while smartphones continue to remain important, “other connected devices like wearables and virtual reality is more important“, clearly indicating where the company’s priorities may lie in the foreseeable future. There has also been a steady stream of rumors claiming the company may soon be up for sale, but those rumors have been emphatically denied by the management for the most part.

While HTC may be betting big on the new, emerging VR sector, smartphones continue to remain the company’s bread and butter for the time being, at least. That being the case, the company launched the One A9 late last year, and the company is also expected to manufacture the next Nexus smartphone from Google. However, most of the attention that the company has been getting in recent times seems to be focused around the Vive, which is expected to go on pre-order later this month. It remains to be seen if the company can actually recover from the slump it has gotten into in recent times, and if virtual reality is indeed the magic potion that will help the company get back into black.