HTC stock will take a hit after news that the company saw a significant downturn in revenues during the fourth quarter of 2011. While annual revenues were up overall (465.79 billion Taiwanese dollars in 2011 compared 278.76 billion in 2010), the surge seen for most of the year trailed off as HTC's take for the final months of 2011 lagged at 101.42 billion Taiwanese dollars. The drop off follows four quarters of successive growth that saw revenues rise to 124.40 billion in Q2 and 135.82 billion in Q3. Despite the overall increase in revenues, profits for 2011 were down 11.88 percent.
Android Phone, HTC forecasts lower revenues, thinner margins after reporting poor Q4 financials
