Smartphone vendor HTC suffered net loss per share of NT$9.70 (US$0.308) for the second quarter of 2015 mainly due to lower than expected demand for high-end Android smartphones, and low sale sales in the China market. The company also recognized costs for idle equipment and paid licensing fees and expenses in advance, the company detailed at an August 6 investors conference.

HTC forecast consolidated revenues of NT$19.0-22.0 billion, gross margin 19.0-19.5% and net loss per share NT$5.51-5.85 for the third quarter.

HTC said it has cooperated with more than 1,000 developers to develop various applications covering gaming, entertainment and educational services to support its virtual reality device, Vive which it plans to launch at the end of 2015.

HTC reported consolidated revenues of NT$7.408 billion for July, a 17-month low, and slipping 14.65% on month and 30.15% on year, and NT$81.942 billion for January-July, declining 24.68% on year.