HTC meets Q1 guidance with 35% fall in sales

Nieuws Mobiel Wereld 6 APR 2012
HTC meets Q1 guidance with 35% fall in sales
Smartphone maker HTC released preliminary first-quarter results showing revenues down 35 percent from a year earlier to TWD 67.79 billion. The figure was in line with its outlook in February for sales of TWD 65-70 billion. Operating profit for the three months to March was TWD 5.10 billion, giving a margin in line with its outlook of 7.5 percent. The figure was down sharply from TWD 16.47 billion a year earlier. Net profit totaled TWD 4.46 billion or TWD 5.35 per share, versus TWD 14.83 billion or TWD 18.36 per share a year earlier.

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Financial figures, Handsets

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