TweakTown
Tech content trusted by users in North America and around the world
5,928 Reviews & Articles | 38,191 News Posts

HTC's first quarter sales drop by 35% year-over-year

HTC reports bleak first-quarter sales number. Down 35% from last year.

| Business, Financial & Legal News | Posted: Apr 6, 2012 10:37 pm

HTC continues down a bumpy road as sales continue to drop. The cell phone manufacturer who used to be the baby of the Android market has seen sales slump starting with the second-half of last year. These numbers, at least, are pretty close to what the company had warned investors to expect.

 

TweakTown image news/2/3/23436_33_htc_s_first_quarter_sales_drop_by_35_year_over_year.png

 

HTC predicted these numbers in February when they last reported earnings. The company had been seeing sales doubling from year-ago levels until they hit a wall in the second-half of last year. HTC is struggling among competition from Samsung and Apple. Samsung is reporting record profits while HTC is seeing this slump, so it's not the market that is causing this.

 

HTC will be hoping to turn things around with its new line of high-end Android phones dubbed "One." The company has sunk a lot of money into a worldwide ad campaign. Also this week, HTC announced a new Evo-branded phone which is among the first for Sprint's new LTE network.

NEWS SOURCES:Allthingsd.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases