HTC’s (
2498) share price dove 6% yesterday as investors fretted over whether February revenue might drop below NT$12 billion. Well, it did. In fact, it plunged all the way to NT$11.37 billion. This was a -27% decline compared to January… and January revenue was down -28% from December. That January tumble was a pretty normal seasonal drop, but this February decline definitely isn’t. As a sign of that,
HTC’s January revenue was down only -7% year-on-year — meanwhile, February sales were down -44%.
Continue reading…