HTC warns of another huge revenue drop

HTC warns of another huge revenue drop
HTC provided a bleak Q3 forecast this morning, stating that it believes revenue could fall as much as 30 percent from the Q2.

The drop would be much worse than was anticipated, and stymies any kind of turnaround the company may have anticipated.

HTC warned that it expects revenue this quarter to drop to T$60 billion ($1.9 billion USD), way below the analyst consensus of T$75.65 billion ($2.41 billion).

The company did say, at least, that it expects a little rebound in the fourth quarter.

At the current time, the company, which remains slightly profitable, seems to be on the verge of collapse. Executives have been leaving in droves, the company's smartphone market share is down to 2.5 percent (from a peak of over 10 in 2011) and the company's stock is down 44 percent this year, seeing levels not seen since 2005.

Written by: Andre Yoskowitz @ 30 Jul 2013 22:11
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  • 1 comment
  • megadunderhead

    mostly because there latest phone sucks the facebook phone is stupid it wastes your data plan and cost you more per month then any other android device ever. not cool

    1.8.2013 06:22 #1

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