HTC’s April Sales Fell 32%

HTC reported a 32.3% month on month drop in sales in April and a 38.6% fall year on year to NT$13.5 billion ($439.1 million). Analysts attributed the poor revenue figure to disappointing sales of the HTC One M9, which was launched last month. April’s result brought the company’s sales so far this year to NT$55 billion ($1.8 billion), little changed from the same period of 2014.

The company has previously forecast that its second quarter sales would reach NT$46-51 billion ($1.5-1.6 billion), though to achieve this, HTC would have to report sales of NT$32.4 billion ($1 billion) in the remainder of this quarter to reach the low end of its sales guidance.