Taipei, May 7 (CNA) HTC Corp. reported a sharp annualized drop in April sales Monday, the latest indication of the difficulties the Taiwanese smartphone vendor has had in turning over its product line to better meet the needs of the market.
HTC posted consolidated April revenue of NT$31.03 billion (US$1.06 billion), down 19.87 percent from NT$38.73 billion in the same month last year, it said in a statement.
For the first four months of this year, the company's consolidated revenue totaled NT$98.82 billion, down 30.84 percent from a year earlier.
HTC warned investors April 24 that the second quarter would still be affected by its product transition but nonetheless projected revenue at NT$105 billion in the quarter, up 55 percent from a disappointing first quarter.
The Taoyuan-based company's global market share has shrunk from 8.9 percent a year ago to 4.8 percent in the first quarter of 2012 due to fierce competition from Apple Inc. and Samsung Electronics Co., according to research firm International Data Corp.
(By Jeffrey Wu)