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HTC is still losing money but at a slower rate compared to previous quarters

HTC is still losing money but at a slower rate compared to previous quarters
HTC has posted its financial results for Q3 2016. 

While the company is still in the red, the new financial report shows that HTC is making some progress in terms of both total revenue and operating margin.

For the September quarter, HTC's total revenue stood at NTD 22.2 billion (USD 700 million). That's an improvement of 18% quarter-on-quarter and 4% year-on-year, but it still was not enough to stop the money loss. During Q3 2016, HTC posted an operating loss of NTD 2 billion (USD 63 million) at an operating margin of -9%.

While HTC's return to profit may have to wait for another quarterly report, the company is showing signs of progress, as the operating margin stood at -23.1% a year ago.

HTC says that the HTC 10 and the HTC Vive were the main drivers behind the progress that the company is making in terms of financial performance. Unfortunately, the company did not break down the numbers.

Looking into the future, this next quarter might turn out to be a winning one for HTC. This new financial report doesn't include a potential commercial success from the Google Pixel.

HTC is also hoping to create another revenue stream; the company has recently launched a VR content store called the Viveport. While HTC's Viveport may not turn out to play in the same cash cow league as the Google Play Store or Apple's App Store, chances are that it won't hurt HTC's bottom line in the upcoming quarters.

source: HTC

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