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Ouch: HTC shocks by forecasting extremely low sales

Written by Andre Yoskowitz (Google+) @ 23 Nov 2011 15:01 User comments (1)

Ouch: HTC shocks by forecasting extremely low sales Massive smartphone maker has shocked the world today, revising its Q4 forecasts lower, again.
The company cited weakening global demand and a huge uptick in competition as its main factors.

Revenue is now expected to come in at around NT$104 billion, down from its already lowered forecast of NT$125 billion.

If accurate, HTC will see no growth year-over-year, a huge disappointment to investors.

While smartphone demand continues to grow, HTC has seen increasing competition from Samsung and Motorola in the Android market, and Nokia now in the Windows Phone 7 market.

HTC will ship 12 million phones in the quarter, the first time it has seen a drop in shipments in 2 years.

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1 user comment

124.11.2011 8:01

delighted sales dropping! serve htc right! no update for wildfire , excuses hardware etc not up to gingerbread apparently??

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