HTC Expects a Decline in Revenues for Q1 2013
Feb 6, 2013
HTC finances are declining following a very good period of time as one of the best phonemakers on the planet.
The Taiwanese mobile devices manufacturer, HTC, has been in the spotlight for quite some time now. Their latest mobile casino gambling devices were particularly successful and the partnership with Beats Audio didn’t hurt either. The popularity naturally led to great sales and profits.
However, all things must come to an end. HTC sales have already started to decline last year, and the new year didn’t start on a high note either. The new financial predictions for the Q1 2013 put HTC revenue somewhere between $1.7 and $2 billion. The Android casino tools manufacturer achieved $2 billion revenues in the previous quarter and made $2.2 billion in Q1 2011.
Profits are expected to decrease even more: the gross margin for Q1 2013 is predicted to be around 21-23% compared to 23% in Q4, 2012. Operating margin will stay at 1% as in the previous quarter or can even decline to a meager 0.5%.
Not everything is dark in HTC camp, the company is hoping to make a comeback with the launch of its latest flagship mobile casino games tamer – HTC M7. The device is expected to be officially unveiled in New York City on February 19 at the special HTC press event.