Want China Times
Date: 2015-08-22
By: CNA

Shares of Taiwan-based smartphone vendor HTC came under pressure to fall to a new

The HTC team poses for photos after the HTC Vive received an award. (Photo/HTC)

low Friday as there have been no signs that the company will make a turnaround any time soon after its large losses in the second quarter and a gloomy outlook for the third quarter, dealers said.

Amid concerns over the vendor’s bottom line, investors tended to ignore an award for “Best Hardware” won by the HTC Vive, the virtual reality (VR) headset, this week at Gamescom, a trade fair for video games held annually in Germany, they said.

While HTC is gearing up to grasp a share in the VR headset business by launching the HTC Vive, it remains to be seen whether its efforts in VR device development will strengthen the smartphone vendor’s profitability, they added. The HTC Vive was developed with US video game supplier Valve.     [FULL  STORY]