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HTC Reports 34.92% Revenue Slide in Unaudited Q1 Results

HTC One series

HTC on Friday released its unaudited results for the first quarter of 2012, and the numbers were pretty dismal. The Taiwan-based phone maker reported total revenues of NT$67.79 billion, down 34.92% from the same time period last year when it reported NT$104.157 billion in revenues. Earlier this year HTC projected that its quarterly net sales would sit between NT$65 billion and NT$70 billion, although that was about NT$15 billion lower than Wall Street’s expectations.

“March revenue rose, and if it can keep up the trend seen in March, we would expect to see a pretty strong Q2,” Bonnie Chang, analyst at Yuanta Securities, told Reuters. The company’s March results were still lower than last year’s numbers, however.

HTC most recently announced that it was focusing on its brand new “One” family of devices, which includes  the One X, the One S and the One V. The One X will land on AT&T in the United States soon. Sprint also announced its model, the EVO 4G LTE, during a press event on Wednesday. T-Mobile has already committed to selling the One S, too. However, HTC will no doubt see increased competition as Apple and Samsung both ready next-generation smartphones that will go toe-to-toe with HTC’s One family.

[via Reuters]


Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...

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