HTC Q2 revenue forecast 55 percent higher than Q1, but still well below 2011′s numbers
Author: Jenny Zhao
2012 hasn’t been a great year for HTC financially, but things might finally be turning around as the company is forecasting a 55 percent revenue increase for Q2 of this year. Back on April 6th, the company reported unaudited revenues of NT$ 67.8 billion (about $ 2.3 billion), a 35 percent drop year-over-year, blaming poor sales of LTE handsets and stiff competition in Europe. Well, for Q2, the company says it’s expecting revenue of NT$ 105 billion (about $ 3.56 billion), a major increase, but still 15 percent lower than its NT$ 124 billion result from Q2 2011. HTC is also expecting higher gross and operating margins of about 27 and 11 percent, up from roughly 25 and 7.5 percent last quarter, a notable improvement, but again lower than its…
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