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HTC slump continues in Q4; guidance misses Q1 estimates

HTC on Monday reported earnings for the fourth quarter last year along with guidance for the first quarter that missed analysts’ estimates. Further highlighting the slump that began in October with the launch of Apple’s iPhone 4S, the Taiwan-based vendor posted fourth-quarter revenue of NT$101.42 billion, or approximately $3.5 billion USD, down 2.5% compared to the same quarter in 2010. Gross profit slid nearly 12% in the fourth quarter to NT$27.5 billion, and HTC’s total assets on hand at the end of the year slid more than 33% to NT$254.59 billion. In the first quarter of 2012, the vendor expects the rough patch to continue ahead of new product launches due later in the first half. HTC said first-quarter sales will likely fall between NT$65 billion and NT$70 billion while Wall Street expected guidance of approximately NT$85 billion.


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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