HTC posts Q4 earnings, disappointment follows
HTC has released their Q4 records from 2011, and sadly it doesn’t look very good. Q1, Q2 and Q3 were fairly good for the Taiwanese company, but we think HTC is probably a little disappointed with their Q4 results. Their total revenue was 102.4 billion Taiwanese dollars (that’s around 3.48 billion U.S. dollars), whereas HTC recorded $135.8 billion Taiwanese dollars (around $4.54 billion).
HTC’s earnings were 13.06 Taiwanese dollars (44 cents) per share, however Analyst Thomson Reuters had expected revenue of 144.6 Taiwanese dollars and EPS of 17.63 Taiwanese dollars. HTC had this to say:
“Despite temporary weakness resulting from product cycle transition, HTC believes it has the ability to create a new wave of momentum through the upcoming product cycle. These margins are a temporary phenomenon and will normalized when product cycle transition is over.”
For the first quarter of this year, HTC is expecting revenue around 65 to 70 billion Taiwanese dollars, whereas they were expecting around 90 billion before. At any rate, HTC is expected to launch several new Android devices at MWC later this month, so hopefully those will boost HTC’s sales and revenue.
Does this news come as a surprise to anyone? Do you think Samsung’s Galaxy SII might have played a role in HTC’s drop in sales? Drop a comment below, and let us know what your think!