HTC predicted revenues down 22% in quarter 3/2012

HTC predicted revenues down 22% in quarter 3/2012
In addition to the formal business results for Q2 2012, HTC today also announced predictions about the financial situation of companies in the next three months of the year. While HTC grossed 3.04 billion dollars and 248 million dollars in profit last quarter, the third quarter, the HTC only expect revenue of about 2.34 to 2.7 billion USD, down 22% compared to Q2. Lower revenue in Q2 but nonetheless expected given that HTC is still higher than business results in the first three months of 2012 when Taiwanese handset maker 2.26 billion revenue.   In addition, HTC is also expected gross profit margin ratio (gross margin) to just 25%, down from 27% compared to Q2 last. Coefficient decreased gross profit margin, sales dropped means that HTC profits in Q3 revenue will decrease. HTC's chief financial officer said China's market and focus on future sales phone line One in Asia as the company's expectations.   Source: TNWHinh photo: Hiandroid


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