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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.




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.


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