Taipei, Sept. 7 (CNA) Shares of Taiwan-based consumer electronics firm HTC Corp. showed resilience Wednesday, despite a tumble on the main board after the company reported a monthly increase in its August sales, dealers said.
HTC shares rose 0.50 percent to close at NT$60.40 (US$1.95), after coming off a high of NT$61.30, on the Taiwan Stock Exchange, where the benchmark Taiex dived 1.82 percent to end at 14,410.05.
According to dealers, rotational buying of HTC shares was seen throughout the session, following the release of its August revenue report on Tuesday.
In the report, HTC said it posted NT$313 million in consolidated sales in August, up 2.7 percent from the previous month, but the figure represented a 14.62 percent decline from a year earlier.
Market analysts said the rebound in HTC's August sales, after a 38.6 percent monthly drop in July, was driven mainly by its release of the VIVE Mars CamTrack, a plug-and-play device for virtual production that provides accurate camera tracking for professional live video compositing.
The VIVE Mars CamTrack was released in Taiwan, the United States, Canada, Europe, China, Australia, Japan and South Korea in August.
Meanwhile, the company's August report showed that its consolidated sales for the first eight months of 2022 fell 16.37 percent from a year earlier to NT$2.73 billion, amid escalating competition in the global smartphone market.
In June, HTC unveiled the world's first metaverse smartphone -- the HTC Desire 22 pro -- which can be paired with its VIVE Flow VR headset, allowing users to immerse themselves in virtual reality.
With the release of the HTC Desire 22 pro, the company's consolidated sales jumped by a monthly 62.8 percent in June to NT$495 million, but shipments of the new model slacked off from July.
According to Japanese media, the HTC Desire 22 pro will be available in the Japan market on Oct. 1, and pre-ordering has already started.
In the first half of the year, HTC registered a loss per share of NT$1.82, compared with a loss per share of NT$1.92 over the same period last year.
The company has been reporting annual losses since 2015, except in 2018 when it registered a one-time gain of US$1 billion from the sale of its smartphone ODM assets to Google Inc.
