HTC expects strong Q2 despite poor April performance

HTC expects strong Q2 despite poor April performance

May 6, 2017

High Tech Computer (HTC) this week announced that it expects second quarter revenues of NT$37.5-38.5 billion (US$1.14-1.17 billion), an increase of 19%-22% from the first quarter, and 8%-11% on the same period in 2016.

The projection was made despite a weak April result, with revenues down 7.85% compared with March, and 3.76% compared with April 2016.

Total revenues for January to April 2017 were NT$43 billion, down 3.5% on year.

Poor performance for this period was blamed on the global financial crisis, and first quarter product shipment delays.

Despite the recent success of its Android handset, the company said it plans to keep its main focus on Windows Mobile.

“At this point, Windows Mobile is still the company’s primary focus,” said chief financial officer Joey Cheng.

“We believe in Microsoft Inc’s value proposition, and HTC has come a long way toward developing multiple user-friendly interface phones.”

HTC is bullish about its prospects for 2017, gripping tight to a projected full year revenue increase of 20%.

timyeo

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