Focus Taiwan
Date: 2019/03/15
By: Jiang Ming-yan and Frances Huang
Taipei, March 15 (CNA) Taiwan-based smartphone brand HTC Corp. posted a net profit in
In a statement, HTC said it registered NT$12 billion (US$388 million) in net profit in 2018, compared with a net loss of NT$16.91 billion in 2017, stopping a three-year losing streak. Its earnings per share for 2018 stood at NT$14.72, compared with NT$20.58 in loss per share in the previous year.
The 2018 net profit was achieved even though HTC’s consolidated sales fell to NT$23.74 billion, down 61.78 percent from the previous year, the seventh consecutive year of decline amid escalating competition in the global smartphone market’s high-end and mid-range segments.
While HTC has entered the global virtual reality market by unveiling its first VR headset — the HTC Vice — in 2015 and its follow-up models subsequently, such as the HTC Focus, such efforts have failed to boost its sales and bottom line. [FULL STORY]