Taiwan's HTC banks on new phone, virtual reality as sales plunge

Taiwan's HTC banks on new phone, virtual reality as sales plunge Taipei (AFP) May 9, 2016 - Taiwanese smartphone maker HTC said Monday its first-quarter revenue plunged by more than half, but that losses in its struggling business should end later this year as it banks on a new flagship product. Revenue from January to March was down 64 percent year-on-year to Tw$14.8 billion ($456 million), while net loss in the period was Tw$2.6 billion, the company said in a statement. The ... more

---