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HTC reports decreased sales on October

HTC has reported consolidated revenues of NT$8.17 billion (US$259.64 million) of October, decreasing 12.43% on month and 8.66% on year. For the first 10 months of 2016, revenues totaled NT$64.09 billion, a decline of 38.9% from a year earlier.

Despite an improvement in gross margin and a narrowing of losses in the third quarter, the prospects for HTC in the fourth quarter still remain conservative, said industry sources, citing volatile market conditions.

However, HTC expects shipments of its HTC Vive VR devices to gain momentum in the fourth quarter thanks to seasonality.