2012 hasn't been a great year for HTC financially, but things might finally be turning around as the company is forecasting a 55 percent revenue increase for Q2 of this year. Back on April 6th, the company reported unaudited revenues of NT$67.8 billion (about $2.3 billion), a 35 percent drop year-over-year, blaming poor sales of LTE handsets and stiff competition in Europe. Well, for Q2, the company says it's expecting revenue of NT$105 billion (about $3.56 billion), a major increase, but still 15 percent lower than its NT$124 billion result from Q2 2011. HTC is also expecting higher gross and operating margins of about 27 and 11 percent, up from roughly 25 and 7.5 percent last quarter, a notable improvement, but again lower than its 28.8 and 15.5 percent margins in Q2 2011.
HTC Q2 revenue forecast 55 percent higher than Q1, but still well below 2011's numbers
HTC is announcing a revenue forecast for Q2 2012 that's 55 percent higher than its Q1 result. The company is also forecasting higher gross and operating margins.