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HTC revenue dips 30% in November on slowed smartphone sales

Updated Dec 19th, 2018 7:37PM EST

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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.


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 Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.