Taoyuan, Taiwan — Revenues at smartphone market HTC continued to decline in March and for the first quarter at double-digit percentage rates following a full-year double-digit decline in fiscal 2012.
The quarter marks the fifth consecutive quarter of double-digit percentage declines in revenue.
For the quarter, sales were off 36.9 percent to NT$42.8 billion ($1.43 billion).
In March, revenues fell 48.6 percent compared with the year-ago period to NT$15.9 billion ($599 million), though revenues were up sequentially by 39.7 percent. In January and February, revenues fell 6.5 percent and 44 percent, respectively, on a year-over-year basis.
Dollar amounts are based on a conversion rate of $1 to NT$30.1.
