Poor 2011 results posted by HTC, predicts another low in 2012


The last year wasn’t as kind to HTC as it was to Samsung as HTC posted 2.5% in revenue even while making and selling more devices, with a negative growth of 52.55%. The company already predicted a flat final quarter and negative growth for the first part of 2012, the company failed to meet even those lowered expectations. HTC was the first OEM to release the Android OS on a smartphone but since then have failed to surpass Samsung who run-away with 1st spot every year.

“We dropped the ball,” said CFO Wintson Yung, referring both to the disappointing results and what the company considers to be a stagnant year for its own design and development teams.

The executive took time to single out HTC’s first wave of LTE devices as particularly disheartening. The company’s outlook for this quarter – now about half over – isn’t any better, as they expect to drop total revenue by another 36% year-over-year. If international megacorps used sports vernacular, HTC would be calling this a “rebuilding year”. He in particular points out that the company made mistakes especially by making LTE devices too thick in the time where slimness counts for everything.

Although there are some encouraging signs in the form of HTC Ville and HTC Edge due to be released smartphones at MWC. However the expected loss and generated loss cannot be overlooked and it remains to be seen whether HTC will be able to make up for this loss in this year.

Via Slashgear