HTC posts somber 2011 results, low predictions for 2012

February 6, 2012
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The last half of 2011 wasn't kind to top-tier smartphone manufacturer HTC. After predicting a flat final quarter and negative growth for the first part of 2012, the company failed to meet even those lowered expectations. Now they've published their 2011 financial results in full, and to say the least, it doesn't look good. Year-over-year, the company dropped 2.5% in revenue even while making and selling more devices, with a negative growth of 52.55%. As one of the "Big Three" Android OEMs, this is disturbing news for HTC while Samsung continues to extend its lead worldwide.

"We dropped the ball," said CFO Wintson Yung, referring both to the disappointing results and what the company considers to be a stagnant year for its own design and development teams. The executive took time to single out HTC's first wave of LTE devices as particularly disheartening. The company's outlook for this quarter - now about half over - isn't any better, as they expect to drop total revenue by another 36% year-over-year. If international megacorps used sports vernacular, HTC would be calling this a "rebuilding year".

Their strategy for that rebuild is centered around hero devices, less individual phones and tablets with more development and PR attention devoted to each. While neither has been officially unveiled, we're fairly certain that the first two will be the HTC Ville and HTC Edge, a mid-range and high-end Ice Cream Sandwich smartphone, respectively. The Ville was leaked on camera last week, along with its Sense UI 4.0 interface. Expect to see both devices, along with a somewhat humbled HTC promotional blitz, at Mobile World Congress in a couple of weeks.

[via SlashGear]


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  • http://claimid.com/155/ 155

    If instead of developing sense, they focused on getting updates out instantaneously, they’d sell a lot more devices.

  • UKAndroid

    The English is getting worse here – American spelling annoys me, but I can accept it – there is no excuse for “somber” though. A basic requirement for any journalist/writer is a decent level of English grammar. Even a spellchecker would have flagged up “somber” !

    • http://www.androidcommunity.com Michael Crider

      Hey, Shakespeare: 
      http://www.merriam-webster.com/dictionary/somber

      Definition of SOMBER1
      : so shaded as to be dark and gloomy2a : of a serious mien : grave b : of a dismal or depressing character : melancholyc : conveying gloomy suggestions or ideas

  • http://profile.yahoo.com/4CZCDI4UUGGECG5FSOO67JQKSA Hansy

    Q1,Q2 and Q3 were fairly good for the Taiwanese company, but HTC is probably a little disappointed with their Q4 results.