Smartphone manufacturer HTC saw its revenue plummet in the first two months of 2012, losing 45 percent compared to the same period last year.
The company released its unaudited revenue statistics yesterday (6 March), which showed their revenue for 2012 totals NT$36.9 billion (R9.54 billion). This is 45 percent lower than the NT$67.1 billion (R17.35 billion) it raked in during the same period last year.
The financial woes are set to continue, with HTC lowering its expected revenue estimates for the first quarter of 2012.
There may be hope on the horizon however, as HTC is due to release the One X, One S and One V range of Android-based smartphones.
The phones garnered much praise at the Mobile World Congress earlier this month, and are seen as HTCs attempt to regain market share from rivals Samsung and Apple.
Read the full story at: Boy Genius Report.