HTC’s revenue projected to increase 55 percent in Q2
This morning, HTC announced that they expect revenue for the second quarter of 2012 to increase by 55 percent over the first quarter of this year. HTC expects second quarter revenues to reach T$105 billion ($3.56 billion), beating analysts’ expectations by 3.5 percent. HTC isn’t giving any reason as to why they expect such a huge jump in revenue, but we expect it has a lot to do with the launch of the HTC One which has been available in Europe for three weeks.
The U.S. debut of the HTC One series will kick off this week with the HTC One S launch on T-Mobile. The AT&T HTC One X launch is scheduled for May 6th (available for pre-order on Amazon for $149.99) and Sprint’s HTC EVO 4G LTE is expected to hit store shelves late next month.
HTC’s projections for Q2 of 2012 are encouraging, but they still fall short of the record breaking numbers the company posted in Q2 of 2011. HTC may fare better in Q2 than in the previous 2 quarters, but the company has a long ways to go to regain the market share it has lost to Apple and Samsung in the past six months.