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HTC revenue dips 30% in November on slowed smartphone sales

Zach Epstein
December 6th, 2011 at 11:45 PM

After setting expectations in late November, HTC reported a significant dip in revenue on Tuesday as competition from the likes of Apple and Samsung continues to heat up. The Taiwan-based vendor took in NT$30.95 billion during the month of November, down 20% compared to November 2010 and 30% sequentially. HTC warned last month that revenue in the fourth quarter would be significantly lower than it had previously anticipated, and the company cut its fourth-quarter forecast by 23% as a result. The vendor now expects fourth-quarter revenue to total NT$104 billion. HTC’s November revenue statement follows below.

HTC RELEASES UNAUDITED REVENUES FOR NOVEMBER 2011

Taoyuan, Taiwan – December 6, 2011 – HTC Corporation (TWSE: 2498), a global leader in smartphone innovation and design, today announces that unaudited consolidated revenues for November 2011 totaled NT$30,942 million, down 19.60% year-on-year, while total unaudited consolidated revenues from January to November 2011 were NT$439,432 million, up 78.87% YoY.

Unaudited Consolidated Revenue Report for November 2011

Total Revenues 2011 2010 Difference YoY Growth (Unit: NT$ million)
November 30,942 38,484 -7,542 -19.60%
January through November 439,432 245,675 193,757 78.87%

Zach Epstein

Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.




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