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HTC Q1 Sales Slide 36.9%

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.