Feb 06 AT 8:42 AM Anthony Domanico 17 Comments

HTC’s Q4 2011 revenue of $3.48 Billion falls short of analyst projections, Q1 2012 projection revised downward

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HTC is the latest company with Android ties to announce its fourth quarter 2011 earnings this morning. The Taiwanese handset maker pulled in 102.4 billion Taiwanese dollars (about $3.48 billion USD), with earnings per share (EPS) of 13.06 Taiwanese Dollars ($0.44). Analysts had expected revenue of 144.6 billion Taiwanese dollars, and EPS of 17.03.

HTC’s earnings numbers come after two quarters of stellar revenues, with the company taking in 135.82 billion Taiwanese dollars in Q3. HTC attributes it’s soft 4th quarter to a product cycle transition, as the handset maker is hard at work on new products and saw only a few new devices released in the quarter.

Things aren’t looking up for HTC in the immediate term, as HTC has announced its Q1 2012 projected revenue of 65 to 70 billion Taiwanese dollars, well below the near 90 billion analysts were expecting.

Still, HTC has made a name for themselves as a maker of high-quality Android devices, and have several new devices that should be announced at Mobile World Congress later this month in Barcelona. With all luck, HTC could be back to it’s money-raking ways come Q2.

Via: Engadget

Source: Cnet

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