Taiwan-based smartphone vendor HTC has announced consolidated revenues of NT$15.54 billion (US$525.5 million) for January 2013, representing a decline of 28% on month and 6% on year. January's figure was the company's lowest monthly sum since February 2010.

The company has forecast consolidated revenues of NT$50-60 billion (US$1.7-2.0 billion), gross margin of 21-23% and net operating margin of 0.5-1.0% for its business operations in the first quarter of 2013.

Market watchers expects HTC's sales to begin picking up in March after the company launch its new flagship model, the M7, at an event in London scheduled on February 19.

HTC shares gained 2.06% or NT$5.5 to close at NT$271.5 on the Taiwan stock exchange on February 6, the last trading before the Lunar New Year holidays. In the previous trading session, HTC shares dropped by its daily 7% limit to close at NT$266, a day after it revealed its lower-than-expected first-quarter guidance, according to market data.

By: DocMemory
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