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HTC predicts 55 percent revenue jump for Q2, continued struggles in the U.S.


News by Dan Seifert on Tuesday April 24, 2012.

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Following its rough first quarter, HTC predicts that it should see quite a rebound in Q2 thanks to its new One series of smartphones. Unfortunately, it still won't match its glory days, though, as its struggles in the U.S. market are expected to continue.

The company predicts a 55 percent jump in global revenues between Q1 and Q2 of this year, thanks to the launch of its new line of One series smartphones in various parts of the world. HTC says that it will have revenues of 105 billion TWD (US$3.56 billion) in Q2, a considerable increase from the 67.79 billion TWD (US$2.3 billion) it saw in Q1.

HTC CEO Peter Chou admitted the struggles the company has had recently in the U.S.: "A major challenge we faced last year was the big drop in sales in the U.S. because of competition from the iPhone 4S." However, he remains confident that 2012 will be a success for HTC, saying "I feel that HTC is being reborn this year, in terms of product strategy and execution of global sales and marketing. We are a new HTC; HTC One will help us to reach this goal." [via Reuters]

 
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Dan Seifert
Dan is MobileBurn.com's Editor-in-Chief. Based in Poughkeepsie in New York, Dan can be found on Twitter as @DCSeifert.

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