HTC revenue dips 30% in November on slowed smartphone sales
After setting expectations in late November, HTC reported a significant dip in revenue on Tuesday as competition from the likes of Apple and Samsung continues to heat up. The Taiwan-based vendor took in NT$30.95 billion during the month of November, down 20% compared to November 2010 and 30% sequentially. HTC warned last month that revenue in the fourth quarter would be significantly lower than it had previously anticipated, and the company cut its fourth-quarter forecast by 23% as a result. The vendor now expects fourth-quarter revenue to total NT$104 billion. HTC’s November revenue statement follows below.
HTC RELEASES UNAUDITED REVENUES FOR NOVEMBER 2011
Taoyuan, Taiwan – December 6, 2011 – HTC Corporation (TWSE: 2498), a global leader in smartphone innovation and design, today announces that unaudited consolidated revenues for November 2011 totaled NT$30,942 million, down 19.60% year-on-year, while total unaudited consolidated revenues from January to November 2011 were NT$439,432 million, up 78.87% YoY.
Unaudited Consolidated Revenue Report for November 2011
Total Revenues 2011 2010 Difference YoY Growth (Unit: NT$ million)
November 30,942 38,484 -7,542 -19.60%
January through November 439,432 245,675 193,757 78.87%
This post originally appeared on BGR: The Three Biggest Letters In Tech.com