HTC saw its revenues dip 16.7% on month and 44.5% on year to a five-month low of NT$25 billion (US$834.45 million) in July. For the first seven months of 2012, revenues amounted to NT$183.9 billion, decreasing 32.8% from a year earlier, according to company filing with the Taiwan Stock Exchange (TSE).
HTC's share price plunged by its 7% daily limit to close at NT$258.5 on the TSE on August 6, the lowest level since May 2005, after the company revealed a lower than expected guidance for the third quarter late last week.
With HTC estimating its revenues to reach only NT$70-80 billion in the third quarter, it is unlikely to see HTC's revenues rebound to NT$30 billion in August and September, the Chinese-language Commercial Times said on August 7 report.
Samsung Electronics will launch its new 5.5-inch Galaxy Note 2 on August 29, ahead of HTC's comparable 5-inch model that is scheduled to release in September, the paper indicated, adding that Samsung also enjoys a higher brand recognition in Europe and the US than HTC has.
The much speculated launch of a new iPhone in September will further squeeze HTC's sales in the US market, the paper added.
Article translated by Steve Shen
