HTC, one of the world's leading smartphone makers, warned that its revenues in the first quarter of 2012 will be between 64 billion and 70 billion Taiwanese dollars (between 2.16 billion and 2.36 billion US dollars) - a year-on-year fall of between 32.8% and 38.5%. It blamed the fall on a "product transition."
The Taiwan-based company said revenue in the fourth quarter was 101.42 billion Taiwanese dollars, down 2.5% year-on-year. Revenue for the whole of 2011 was up 67% year-on-year to 465.79 billion Taiwanese dollars. The company said: "Despite short-term difficulties, momentum will resume in the upcoming product cycle driven by HTC’s brand strength, innovation, and design/engineering capabilities." source: HTC presentation