HTC has just released unaudited consolidated revenues for the last month and it confirms that for the first time in over 18 months, the company will not be growing this quarter.
While the revenues for November may be down 19.6 per cent compared to the same month last year, in total 2011 has been a very good year for the smartphone and tablet maker, with revenues from January to November up 78.9 per cent year-on-year.
The total revenues for November were around £650million which is down from £815m the year before. In total for 2011 so far, HTC has consolidated revenues of £9.3billion which is up from just £5.2bn in the same period last year.
This is the first time in a long time that HTC has reported a fall in revenues with the previous six quarters all showing significant growth as it continues to grow its market share in the smartphone market.
However it was only a couple of weeks ago that HTC cut its Q4 2011 revenue forecast by over 20 per cent, a prediction which seems borne out by these latest figures.
HTC remains the fifth largest handset maker in the world, but its high profile handsets. such as the Sensation XE (above), have recently been eclipsed by phones from the likes of Apple and Samsung, however CEO Peter Chou has promised new phones and tablets for the beginning of 2012, with the quad-core HTC Edge smartphone and the equally-powerful Tegra 3 Quattro tablet expected to launch at Mobile World Congress in February.
Source: HTC (pdf)