HTC has published its final Q4 2011 financial results, confirming the 2.49% year-on-year slip in earnings revealed in last month's unaudited numbers. In the fourth quarter of last year, HTC brought in NT$101.42 billion, down from NT$104 during the same period in 2010. There was also a gloomy outlook for the first quarter of 2012, with projected revenues of NT$65-70 billion (down from NT$104.16 billion in Q1 2011), and a much lower operating margin of around 7.5%.
The manufacturer said the Q4 slump, and expected weakness in Q1 2012, were a "temporary phenomenon" due to its current "product cycle transition", as it looks to unveil new handsets at Mobile World Congress later this month.
HTC faced strong competition in late 2011, with a resurgent Apple launching the iPhone 4S, as well as growing dominance of the Android space by Korean rival Samsung. The company has recently indicated its plans to do more with fewer models in 2012, focusing on stronger "hero" devices.
- Filed under: