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HTC revenues plummet again

HTC revenues continue to drop, with another $4bn wiped from its coffers in just one month

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HTC has admitted its revenues are continuing to fall as it makes its way through the first quarter of 2013.

The unaudited revenues for February came in at New Taiwan (NT) $11.4bn, down from NT$15.54bn in January.

These disappointing figures meant revenues for over half of its first quarter equalled less than half of its overall revenues for the fourth quarter of 2012 (NT$60m) – a figure which was down 40% year-on-year already.

Recent figures also showed HTC is losing market share. In Gartner’s latest report, HTC accounted for just 1.8% market share of mobile phone sales for 2012, and didn’t even register in the list of sales for the fourth quarter of 2012.

Now the firm is pinning all its hopes on its new flagship Android handset, the HTC One, due to launch globally in March 2013.

Computer Weekly got hands-on with the HTC One (pictured) at last week’s Mobile World Congress in Barcelona. For more details, click here.

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