High Tech Computer (HTC) has reported consolidated revenues of NT$13.542 billion (US$441.32 million) for April 2015, representing a 32.37% drop on month and 38.66% drop on year.

The company has totaled NT$55.067 billion in year-to-date revenues, down 0.24% compared with the same time last year.

The company's stock price changed -2.54% and finished at NT$121.00 in trading on the Taiwan Stock Exchange (TSE) on May 5, 2015.

HTC previously estimated its second-quarter revenues to reach NT$46-51 billion.

HTC is planning to release several entry-level to mid-range smartphones in the second quarter and with existing high-end and mid-range models, such as HTC One M9 and E9, entering the market of more countries and regions, the smartphone vendor is expected to see rising sales in the quarter.

The company, which previously denied it was establishing smartphone assembly plants in India, has recently said that it has started evaluating such a possibility, but has provided no timetable for that.

Currently, HTC's share in India's smartphone market is about 6%.