HTC releases final Q4 financials and expectations for 2012

Htc-logoHTC just released its final Q4 financials on Monday, and it's basically what we already knew: after a strong summer with a few popular flagship devices like the HTC EVO 3D, things slowed down in the winter, and the forecast for the first quarter in 2012 isn't much cheerier.

HTC isn't necessarily in a bad position quite yet, though. The company still made money in Q4 2011 (just under $3.5 billion), but it's slowed down and was 2.49% lower year over year.

Luckily, HTC has a plan to get back up on top: this includes narrowing its smartphone lineup in 2012 so it can focus on fewer, but better, devices. It also plans on announcing one of its best phones yet at Mobile World Congress later this month. This means that if and when the next generation EVO is released, probably sometime this summer, we should prepare ourselves for a pretty sweet upgrade.

Indeed, HTC is confident that this slow-down is a "temporary phenomenon" due to its current "product cycle transition," and things will only get better from here. I, for one, am hoping they can deliver!

[Engadget | Android Central]
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John F

John was the editor-in-chief at Pocketables. His articles generally focus on all things Google, including Chrome and Android, although his love of new gadgets and technology doesn't stop there. His current arsenal includes the Nexus 6 by Motorola, the 2013 Nexus 7 by ASUS, the Nexus 9 by HTC, the LG G Watch, and the Chromebook Pixel, among others.