HTC Suffers 21% Sales Decline due to Nexus One in Jan

The Taiwan-based High Tech Computer Corp. (HTC), a globally leading supplier of brand smartphones, reported sales revenue of NT$11.121 billion for January, down 21% from a month earlier due mainly to lower-than-expected sales of Google`s Nexus One phones in the consumer market, according to institutional investors.

Based on its January revenue, HTC projects its sales revenue at between NT$32 billion and NT$34 billion for the first quarter, declining by 17-22% from a quarter earlier. Affected by lackluster sales of Nexus One, the projection of the firm`s smartphone shipments for the quarter has been adjusted downward by institutional investors to only 400,000 units from original 500,000 units.

via CENS

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