HTC Announces Lower Q2 Outlook, Follows Low European Smartphone Demand, US Custom Delays

Posted on Jun 6 2012 - 12:21pm by Editorial Staff

The mobile company HTC today announced unaudited consolidated revenue for May 2012 of NT $30 billion (about $1 billion) and total unaudited consolidated revenue from January to May 2012 is NT $128.8 billion (about $4 billion).

HTC has also revised the 2Q 2012 guidance to be NT$91 billion (about $3.05 billion) in revenue, 27% in gross margin, and 9% in operating margin. This revision includes a one-time charge of NT$2.6 billion to facilitate the clearance of channel inventory for certain products shipped from last year.

Without the charge, the revenue, gross margin, and operating margin would have been NT$ 93.6bn (about $3.15 billion), 29%, and 11.2%, respectively. The revised revenue is due to lower than anticipated sales to Europe, and the delayed shipment and launch of certain products in the US.

The mobile company HTC today announced unaudited consolidated revenue for May 2012 of NT $30 billion (about $1 billion) and total unaudited consolidated revenue from January to May 2012 is NT $128.8 billion (about $4 billion).

HTC has also revised the 2Q 2012 guidance to be NT$91 billion (about $3.05 billion) in revenue, 27% in gross margin, and 9% in operating margin. This revision includes a one-time charge of NT$2.6 billion to facilitate the clearance of channel inventory for certain products shipped from last year.

Without the charge, the revenue, gross margin, and operating margin would have been NT$ 93.6bn (about $3.15 billion), 29%, and 11.2%, respectively. The revised revenue is due to lower than anticipated sales to Europe, and the delayed shipment and launch of certain products in the US.

(Image Source: Flickr)

About the Author
Editorial Staff

Editorial Staff at I2Mag is a team of subject experts led by Karan Chopra.