Newsbrief by Andrew Kameka on Tuesday August 07, 2012.
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HTC announced unaudited sales reports for July. The Taiwanese manufacturer generated $25 billion NT ($836 million) in sales, down 17 percent from sales reported in June. July 2012 sales were also a complete reversal from July 2011, a month in which HTC reported record sales of $45.11 billion NT ($1.56 billion). The 46 percent decline is part of a downward trend HTC expected when it released second quarter earnings last week. Revenue was down year-over-year, and the company expects the same to happen this quarter.source: HTC