Following disappointing revenue results in the last quarter of 2011, HTC is conceding that their phones were under performing. The company had previously announced that it would release fewer but more quality phones in 2012. HTC had spread itself too thin by releasing a constant stream of devices.
Earlier today, the company had announced that its revenue in the last three months of 2011 had fallen 2.49 percent year-on-year, and a full 25 percent from Q3. These dire numbers prompted HTC to reflect and improve on their previous strategies. With the new outlook, 2012 will likely bring increases to HTC’s revenues.
Chief Financial Officer Winston Yung noted in a conference call with investors that HTC plans to produce phones that combine a long battery life and attractive design with fast 4G connection speeds. In the past, HTC feels it had always sacrificed one of those components. Yung expects these problems to be resolved in 2012, and using a 4G LTE phone will not require a compromise in quality any longer.
While Yung declined to provide details on future products or release dates, rumors have been flying about the HTC Edge and the HTC Ville. Look for more details to emerge on these phones in the coming months.
source: Slashgear