HTC revenues fall 20 percent YoY

Andre Yoskowitz
6 Dec 2011 11:34

HTC has seen its revenue fall for the first time in two years this quarter, as the smartphone maker struggles to keep up with the competition.

The Taiwanese-based company said today they made 31 billion Taiwanese dollars ($1.03 billion USD) in revenue for the month of November, down from 38.4 billion ($1.28 billion) last November.

HTC's figure was even more surprising because the company saw a 36 percent jump in October.

The company recently signed a deal to take a majority share of Beats Audio, including the technology in all its latest devices.

CEO Peter Chou has promised quad-core phones and tablets in 2012.