HTC sees Q2 sales fall 50%

Nieuws Mobiel Wereld 6 JUL 2015
HTC sees Q2 sales fall 50%
HTC reported revenues for the second quarter at the low end of its already reduced forecast. Revenues for the three months to June fell 50.7 percent from a year-earlier to TWD 33.01 billion. In early June, HTC already lowered its outlook for Q2 sales to TWD 33-36 billion, from earlier guidance of TWD 41.5-45 billion, citing weak demand for high-end Android phones and slow sales in China. 

The annual decline in sales accelerated in the course of the quarter, from a fall of 39 percent in April to over 60 percent lower revenues in June. As a result of the lower sales, the company recorded an operating loss of TWD 5.14 billion in Q2 and a net loss of TWD 8.03 billion or TWD 9.70 per share. The company will give a full quarterly earnings report at a later date. HTC said earlier it plans to expand into other types of connected devices, in order to offset the drop in smartphone sales. 

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