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HTC’s struggles continue, revenue plummeted 45% so far this year

Updated 4 years ago
Published Mar 6th, 2012 12:25PM EST

HTC’s revenue during the first two months of 2012 has plummeted 45% compared to the same period last year. The popular vendor on Tuesday published its unaudited results for February 2012, during which it pulled in an estimated NT$20.3 billion, down 37% from the NT$32.1 billion it earned in the same month a year earlier. HTC’s revenue so far this year totals approximately NT$36.9 billion, a 45% drop-off from the NT$67.1 billion it pulled in between January and February in 2011. HTC had previously lowered its guidance for the first quarter of 2012, and business isn’t expected to pick up until the Taiwan-based vendor releases its next-generation flagship Android phones, the One X, One S and One V in April. HTC’s February earnings release follows below.

HTC RELEASES UNAUDITED REVENUES FOR FEBRUARY 2012

Taoyuan, Taiwan – March 6, 2012 – HTC Corporation (TWSE: 2498), a global leader in mobile innovation and design, today announces unaudited consolidated revenues for February 2012 totaled NT$20,294 million, down 36.79% year-on-year, while total unaudited consolidated revenues from  January to February 2012 were NT$36,910 million, down 45.01% YoY.

Unaudited Consolidated Revenue Report for February 2012 (Unit: NT$ million)
Total Revenues 2012 2011 Difference YoY Growth
February 20,294 32,106 -11,812 -36.79%
January through February 36,910 67,121 -30,211 -45.01%

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.