HTC expects sluggish growth in Q2

HTC said its revenue for the first quarter fell 3.4 percent from a year earlier, down to $953.3 million, and that it expects its second quarter revenue to grow in the single-digit percent range. HTC predicted revenue to grow to between $1.13 billion and $1.16 billion in the second quarter, up from $1.04 billion in the year-ago quarter. 

The smartphone marker said it will ramp up shipments of three new Windows Mobile phones (possibly including the Touch Pro 2 and Touch Diamond 2) and a phone based on Google's Android platform (possibly the already-released Magic) in the second quarter. The company also said it expects its gross margin in the second quarter to be around 31 percent, up from 30.1 percent in the first quarter of 2009, but down from 34.5 percent in the second quarter of 2008.

Earlier in April, HTC announced that its first quarter profit was off 30 percent. At the time, HTC CEO Peter Chou reaffirmed the company's projected 10 percent to 20 percent growth forecast for 2009, and said that HTC hopes to make significant inroads in the Chinese market. HTC will launch at least three handsets based on Google's Android platform this year, including its already announced phone, the Magic.

For more:
- see this article [1] (sub. req.)

Related Articles:
HTC Q1 profit down 30% as sales fall [2]
HTC [3] promises 'at least' three Android phones in 2009
Voila! Android appears at MWC: Vodafone debuts HTC Magic [4]
[5]HTC [6] misses Q4 guidance, promises growth, new products in 2009
HTC [5] adds more WinMo, Android phones to 2009 lineup
[7]