HTC has warned it will not meet its guidance for Q2, due to weak sales in Europe and delays in bringing handsets to the US. The smartphone maker now expects quarterly revenue of TWD 91 billion, versus an earlier outlook for TWD 105 billion. It already reported sales of TWD 31 billion for April and TWD 30 billion for May. The Q2 gross margin forecast was maintained at 27 percent, while the operating margin is now estimated at 9 percent, down from the earlier outlook of 11 percent. The new outlook includes a one-time charge of TWD 2.6 billion to clear inventory from last year. Without the charge, revenue, gross margin and operating margin would have been respectively TWD 93.6 billion, 29 percent and 11.2 percent. Separately, HTC confirmed that the US International Trade Commission has decided to start an investigation into a complaint filed by Nokia against HTC.
