HTC saw its revenues decrease by 35pc year-on-year in its unaudited consolidated results for the first quarter of 2012. Its net income after tax fell by 70pc year-on-year.
Its total revenue for the first quarter of 2012 was NT$67,790m dropping from NT$104,157m during the same period last year.
Its net income after tax was NT$4,464m down from NT$14,833m during the same quarter of 2011. Its unaudited earnings per share after tax were NT$5.35.
After experiencing record quarters, the company saw much slower sales in the fourth quarter of 2011. According to Bloomberg, Winston Yung, HTC’s chief financial officer, said HTC “dropped the ball” on new devices during the fourth quarter, which pushed inventories higher and prompted the company to forecast a ‘transitional’ first quarter.
HTC UK’s chief Phil Robertson previously said the firm would focus on a few high-spec devices in 2012 to gain back marketshare rather than flooding the market with lots of devices.
These devices will come in the shape of its One series – The HTC One X is its high-end flagship device, the One S will target the mid-range market and the One V is aimed at budget consumers.