Matt is the former News Editor for The Next Web. You can follow him on Twitter, subscribe to his updates on Facebook and catch up with him Matt is the former News Editor for The Next Web. You can follow him on Twitter, subscribe to his updates on Facebook and catch up with him on Google+.
Taiwanese smartphone maker HTC today announced its monthly sales figures for November, posting financials that highlighted a 30% drop in sales from October, and 20% down on the same period in 2010.
The world’s fourth biggest smartphone manufacturer reported consolidated sales for November dropped to T$30.94 billion ($1.03 billion) from T$38.48 billion ($1.27 billion) a year ago and T$44.11 billion ($1.46 billion) in October 2011.
In November, HTC revised its revenue estimates in the fourth quarter, warning investors that increased competition in the smartphone market and a hostile economic climate would affect revenues. The company slashed estimates by as much as 23% as sales slowed quarter-on-quarter for the first time in two years.
It’s a stark contrast to HTC’s sales performance earlier in the year; in August sales peaked at $1.56 billion, an increase of 83.3% year on year. It was a new monthly sales record for the company, which also saw it announce plans to acquire mobile service provider Dashwire for $18.5 million.
The Android and Windows Phone device maker posted a small increase on its June sales, which stood at T$45.05 billion ($1.55 billion), with sales reaching T$24.61 billion a year earlier.
Strong sales from Apple and Samsung led HTC to predict its fourth-quarter revenue would be the same as it was in 2010, reaching around $3.4 billion. It previously issued guidance that it would see sales upwards of $4 billion.
Today’s filing will do little to reassure HTC investors after the company’s share price yesterday plummeted to a 17-month low ahead of a potential device ban in the U.S as a result of a legal fight against Apple. The Cupertino-based company continues to squeeze HTC over its device designs but is also eating into its sales following the release of the iPhone 4S.
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