HTC forecasts further drop in sales, margins in Q4

Monday 29 October 2012 | 09:00 CET | News
HTC forecast a further drop in results for the fourth quarter, as the company struggles to gain a foothold in the smartphone market. Revenue is expected to fall to around TWD 60 billion in the last three months of the year, versus a reported TWD 70.2 billion for Q3. The gross margin is forecast at around 23 percent, down from 25.0 percent in the previous quarter, and the operating margin will fall to 1 percent from 7 percent the last quarter. In the third quarter, revenues halved compared to a year earlier, and operating profit plunged to TWD 4.9 percent from TWD 20.2 billion. The company

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Categories: Mobile & Wireless
Companies: HTC / OnLive
Countries: World
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