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HTC’s Vive Wins the Best Accessory Award at 2015 Paris Game Week

By Vincent Wang
Published: Nov 02,2015

HTC’s Vive wins the Best Accessory Award at 2015 Paris Game Week(source:HTC)

TAIPEI, Taiwan — HTC Vive won the Best Accessory at 2015 Paris Game Week. Also in the December Best of What’s New issue of Popular Science, a longtime media favorite. HTC Vive will be named “Innovation of the Year”. The company on the end of October announced consolidated results for its fiscal 2015 third quarter ended September 30, 2015. However, HTC did not give exact guidance for the fourth quarter as it had done in previous investor conferences.

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HTC Vive was presented at Paris Games Week 2015, featuring several playable experiences, including Owlchemy Labs’ Job Simulator and zombie survival game Arizona Sunshine.

Apart from that, the company used to give indicative ranges for its consolidated sales, earnings per share, and profit margins at such meetings.

“Our ‘back to basics’ approach to realigning the organization is starting to bear fruit, with a more dynamic entrepreneurial spirit emerging that will enable us to more quickly respond to fast-changing market conditions,” said Cher Wang, Chairperson and CEO of HTC.

“This will stand us in good stead as we head into the next few quarters of exciting product launches across all of our business units, starting with this month’s spectacular launch of the stylish HTC One A9, and will enable us to continue to achieve on our growth strategy.” added Cher Wang.

While demand at the high end remained soft, the third quarter results came in at the higher end of expectations; key figures as follows: quarterly revenue of NT$21.4 billion with gross margin of 18.0 percent, quarterly operating loss of NT$4.9 billion with operating margin of -23.1 percent and quarterly net loss after tax: NT$4.5 billion, or -NT$5.41 per share.

HTC’s comprehensive program of restructuring and streamlining continued in the third quarter, resulting in significant reductions in operating expenditure across the organization and a sequential reduction in operating loss.

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