HTC revenues down almost 17% on year in January
High Tech Computer (HTC) has said that it posted revenues of NT$10.01 billion (US$297 million) in January, down 26.3% from the previous month and down 16.8% from a year ago, due mainly to the Lunar New Year holiday.
For the fourth quarter of 2008, revenues totaled NT$47.4 billion, up 25.1% sequentially and up 21.4% on year, the company said, noting that the fourth-quarter results were below its guidance of NT$48 billion.
Looking forward, revenues are expected to grow by a double digit amount in 2009, the company said.
Handset shipments will be affected by the global slowdown in the first quarter of 2009 with revenues targeting to reach NT$33 billion, representing a low-single digit annual growth. Gross margins will be maintained at 30% in the first quarter, HTC said.
Sales momentum is expected to pick up in the second quarter when more new products are introduced into the market, the company said.
source
For the fourth quarter of 2008, revenues totaled NT$47.4 billion, up 25.1% sequentially and up 21.4% on year, the company said, noting that the fourth-quarter results were below its guidance of NT$48 billion.
Looking forward, revenues are expected to grow by a double digit amount in 2009, the company said.
Handset shipments will be affected by the global slowdown in the first quarter of 2009 with revenues targeting to reach NT$33 billion, representing a low-single digit annual growth. Gross margins will be maintained at 30% in the first quarter, HTC said.
Sales momentum is expected to pick up in the second quarter when more new products are introduced into the market, the company said.
source
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