HTC feels weak Q1 new mobile phones to boost Q2
Looks like Taiwanese HTC’s 1st quarter is looking somewhat disappointing; after a rather dismal end of year earnings report on 2008. Apparently, HTC operating margin profits for the 1st quarter of 09 is expected to drop to 15 percent where in the last quarter of 08 it was 18.4 percent.
HTC’s overall revenue should hit somewhere around the T$33 billion mark which is only marginally more that the previous T$32.7 billion at the same time last year.
Word is HTC are planning on pushing out eight new mobile handsets during 09 which could well lead to a better 2nd quarter; guess we’ll have to wait and see.
Source — Reuters