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HTC Lowers Sales Forecasts for the Second-Quarter
Published on:
Taiwan's HTC has lowered its second-quarter revenues forecast by 13.3% to NT$91 billion (US$3.03 billion) in revenue, 27% in gross margin, and 9% in operating margin.
The company said in a statement that the revision includes a one-time charge of NT$2.6bn to facilitate the clearance of channel inventory for certain (unspecified) products shipped from last year.
The revised revenue is due to lower than anticipated sales to Europe, and the delayed shipment and launch of its latest smartphones in the USA.
Sales in May were also confirmed at NT30 billion - a drop of 26% on the previous year.
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