HTC Banned to Selling Mobile Phone in U.S., Earning Down

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HTC reported revenues and earnings in the second quarter of 2012 has decreased significantly. This was due to the pending sale of mobile phones in the U.S. and weakening demand for mobile phones in Europe.

HTC's total revenue in the second quarter of 2012 reached 91 billion New Taiwan dollars, or about 3.04 billion dollars or about 28.6 trillion rupiah. The value dropped 57.8 percent over the same period last year.

While its net profit in the second quarter of 2012 recorded only 247.5 million U.S. dollars, down from the same period last year amounted to 585.95 million U.S. dollars. However, when compared with the first quarter of 2012, HTC's net profit has increased from only 149.5 million U.S. dollars.

In the second half of 2012, HTC believes the company's revenue will increase by about 55 percent. Optimism was evident from the suite of products that Android phone from HTC has now started to dominate the market.

In the second half of 2012, HTC revenues are expected to be 105 billion Taiwan dollars (about 3.56 billion U.S. dollars with gross margins and operating margins around 27 percent and 11 percent. Value rose 25.03 percent and 7.53 percent compared the previous quarter.

Just for the record, HTC revenues during the first quarter of 2012 reached 67.79 million New Taiwan dollars (about 2.3 billion U.S. dollars), dropped 35 percent compared to first quarter 2011. In fact HTC had previously forecast earnings between 65-70 billion New Taiwan dollars.

In May, sales of HTC One X and HTC Evo 4G stuck in U.S. customs agency. In addition, HTC is also considered to violate some Apple patents.

HTC hopes the sale of cell phone ban be repealed so that mobile phone sales increased immediately.

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