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HTC warns of lower Q2 revenue, cuts target by 13% to $3.03 billion

By on June 6, 2012 at 12:42pm in Mobile News


HTC has lowered its Q2 2012 target revenue to $3.03 billion US, down 13% from previous expectations. This follows a weak sales quarter in Europe and delays for its One series devices in the United States after the EVO 4G LTE and One X were held up for two week at US customs.

Overall, sales were up in China, and though revenue is expected slightly lower — some of which can be attributed to a one-time write-down of last year’s inventory — the company is still expected to make a marginal profit in Q2. The HTC One X has been considered a success, with steady sales in Europe — they’re just not good enough. CFO Chia-Lin Chang said, ”a bigger softness is from Europe than the U.S.,” which is encouraging news; the company needs hits in North America in the lead-up to the release of the Galaxy S III.

Q2 revenue is still expected to rise sharply from Q1, which is typically a slow quarter, but overall sales in May were down 26% from the same month in 2011. Hopefully the company can pick things up heading into Q3 as it will have phones on every US and Canadian carrier by then.

Source: Reuters

Related posts:

  1. Apple Q2 earnings: $11.6 billion net profit on $39.2 billion revenue, 35 million iPhones and 12 million iPads sold
  2. Apple stock to hit $525 with $40 billion revenue in Q1: RBC
  3. RIM shipped 37 million BlackBerry devices last year… revenue hit $15 billion
  4. RIM Q1 Revenue was $2.24 billion, ships 5.4 million devices

Discussion

13 comments for “HTC warns of lower Q2 revenue, cuts target by 13% to $3.03 billion”

  1. hahah htc. Get a blackberry and forget junk like this :)

    Posted by iamkennypowers | June 6, 2012, 12:54 pm
    Reply to this comment

    • Wow. EVERYTHING about what you just said is just wrong.. If you think blackberry is the future you’ll be pretty sad in a few months.

      Posted by cody | June 6, 2012, 1:16 pm

    • HTC is still making phones?
      Yawn.

      Posted by HTC = Junk | June 6, 2012, 1:55 pm

    • Make that 2 weeks after June 28!

      We will see how much Cash they have left.
      How many employees they fire.
      How much $ they write off in inventory
      Find out in how many parts will RIM be divided into.

      Posted by FrontalAttack | June 6, 2012, 1:57 pm

  2. It’s a shame. I’m really enjoying the One S, and would like to be able to spend a bit more time with the One X.

    Android land is quickly becoming a one horse race.

    Posted by jellmoo | June 6, 2012, 1:04 pm
    Reply to this comment

    • The One S is a great phone at a great price.
      The One X is doomed for being so close in specs and price to the SGS3. I guess all they can do is reduce the price, but then it would risk to put it too close to the One S.

      HTC will suffer in the upper range, but will succeed incredible with the One V at $175, which is the best value android phone from $175 to $300 in Canada now.

      Posted by FrontalAttack | June 6, 2012, 1:54 pm

  3. I love my Tegra 3 One X! Most people are pretty impressed with the phone when they see it and play around with it but nobody seems to know what it is. Then again everyone and their mom has an iphone around here.

    Posted by Joelb | June 6, 2012, 1:13 pm
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  4. @cody
    Actually ill be happy because i will have BB 10 hehehehehe

    Posted by iamkennypowers | June 6, 2012, 1:22 pm
    Reply to this comment

  5. HTC, the Android landscape needs you.

    You created many remarkable devices, Nexus One (& HTC Desire), and HTC Hero.

    It’s time to get back to great designs and less of focus on Sense UI.

    One X/V/S is a great start, but non-user replaceable battery is a joke.

    Posted by faizo | June 6, 2012, 1:23 pm
    Reply to this comment

  6. Getting your U.S. shipments held up for 2 weeks just when you launch the biggest product of the year! Ouch.

    And all over that ‘click to e-mail’ feature. This is crazy.

    Posted by Tom | June 6, 2012, 1:35 pm
    Reply to this comment

  7. I really wanna have the HTC One X just because it is on Rogers, I won’t… HTC didn’t change since then, they still making phone exclusive from a carrier… why they’re not do it like Apple and Samsung, make the phone availible from any carrier since day 1…

    Posted by RyanOver | June 6, 2012, 5:19 pm
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  8. HTC sucks. I have no idea why their phones stutter so much even with a Qualcomm S4.

    Posted by Tomatoes | June 6, 2012, 5:22 pm
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  9. And this is the number 2 player in Android? Imagine if they weren’t using a ‘free’ OS.

    Posted by Jr67 | June 6, 2012, 6:15 pm
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