The Taiwanese cellphone maker said that first-quarter revenues were NT$67.8 billion (U.S. $2.3 billion), a nearly 35 percent drop from a year ago. HTC had predicted it would be a rough quarter when it last reported earnings in February, and the revenue figure was in the range of what the company had said to expect.Source: AllThingsD
The company had been seeing its sales doubling from year-ago levels until hitting a wall in the second half of last year.
HTC in trouble as Q1 sales plunge 35 percent
Posted on Monday, April 09 2012 @ 18:53 CEST by Thomas De Maesschalck