News: HTC’s unaudited Q1 2012 financials look disappointing

HTC’s unaudited financial results for the first quarter of 2012 has hit and no surprises there as HTC and analysts have warned to lower our expectations.

Revenues for the first quarter were down 35% from the same time last year to U$2,3 Billion. Profits were down to U$151 Million and operating income down to about U$153 Million. No statistics on the number of devices sold nor anything else for that matter, but official numbers and details should appear by the end of the month.

HTC has been struggling for a while now and it’s yet to be seen if their new One series can make a turnaround for the ailing company.

Source

Dion

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