WASHINGTON: HTC has reported consolidated revenues of NT$4.2 billion (US$129.14 million) for February 2016, representing a 35.16% drop on month and 54.48% drop on year.
The company has totaled NT$10.677 billion in year-to-date revenues, down 50.34% compared with the same time last year. HTC is expected to see its sales remain flat in March due to seasonal factors and the company will not release its new flagship model, reportedly the HTC One M10, until April, according to market sources.
The company also said that pre-sale booking of its first virtual reality (VR) device, the HTC Vive, has been better than expected, and it plans to start delivering the devices on April 5.
Meanwhile, the company said it is ramping up the production of its UA HealthBox, a connected fitness system kit it developed with Under Armour, as the first batch of the devices has been sold out. The company’s stock price surged 8.26% and finished at 9-month high of NT$90.00 in trading on the Taiwan Stock Exchange (TSE) on March 4, 2016.
