Things are looking up for HTC, but things could still be better. The company has issued its financial report for November and it shows a revenue of $522 million. That’s up 3.2% from the results that were posted in October, but it is a decrease 27.1% year-over-year. Obviously they had hoped for a bit more. In fact, they could really use much bigger numbers.
HTC’s reported financials meet market expectations and now the company is looking forward, expecting to ship about 5.2 million smartphones in Q4 of 2013. Taking all of 2013 into account, minus December, HTC’s revenues amounted to nearly $6.45 billion, which is a 28.6% decrease compared to 2012. Revenues are expected to slide from 4.25% to 14.89% sequentially to $1.35-$1.52 billion in the fourth quarter with a gross margin of 19-20%.
So what ails HTC? Well, according to analysts, the company’s financial ills center around HTCs sliding market share in the US and Europe. The company has had a hard time and has not been able to get any new customers this Holiday season with the HTC One Max being their only offering. Hopefull the company has something up its sleeve, but right now it is hard to see what that could be.