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HTC Q1 Sales and Profit Down - Maintains Outlook

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Note -- this news article is more than a year old.

Taiwan's HTC has announced that for the first quarter of 2009, total revenues reached NT$31.6 billion (USD931.6 million) with 3.40% year on year decline. Net income reached NT$4.9 billion (USD143 million) sharply down on the NT$6.9 billion a year ago.

First quarter revenue reached 95.7% of guidance, the slight shortfall is mainly attributed to certain new product shipment delayed to April.

The company maintains the view of double digits growth this year.

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Tags: htc  Taiwan