HTC's preliminary report made it pretty clear that the last couple of quarters were pretty tough for the company. Now, their full report is out and it gives us some more details on how HTC performed in Q1 of 2012.
The company's revenue ($2.3 billion) dropped about 34% both quarter on quarter and year on year. HTC attributes that to the product transition cycle (the new HTC One series went on sale after Q1 ended).