Posted inRetail News

Fitness market or bust, says HTC boss

HTC is determined to pursue its plan to enter the virtual-reality and interconnected-device markets, including fitness products, global sales president Chialin Chang said. His comments followed a second quarter in which the company reversed four consecutive quarters of net profits to post a net loss of NT$8 billion (US$252.7 million), an operating loss of NT$ 5.1 billion (US$161.1 million), and revenues of NT$33 billion (US$1.04 billion), down 49% from the year-ago NT$65.1 billion.