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HTC sales down 44 percent in February

Shares tumble, again

We all know HTC is in trouble, but the extent of the downturn now seems to be taking hardened and ice cool investors by surprise.

HTC saw its sales in February fall 44 percent year-on-year. It is a miserable result and the company is still months away from refreshing its Android smartphone line-up. The HTC One is already out and it is getting good reviews, but last year’s One series phones also got excellent reviews, but never went on to generate huge sales.

On Wednesday morning HTC shares fell 4.58 percent in heavy volume trading. By mid day, HTC was down 6.41 percent. HTC is currently trading at NT$255.50. Last March the stock was trading north of NT$600.

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