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Apple Inc. Message Board

  • bloomberg_marketwatch bloomberg_marketwatch Aug 3, 2012 5:43 AM Flag

    HTC Corp 23% decline in revenue


    Taiwanese smartphone maker HTC Corp said on Friday it sees sales growing only in China this quarter while other regions decline, forecasting as much as a 23 percent fall overall in revenue, in a further sign of how tough its road to recovery will be.
    The world's No.5 smartphone maker, once one of the industry's high flyers but badly hit by competition from Apple Inc and Samsung, sees third-quarter revenue at between T$70 billion and T$80 billion ($2.3 billion and $2.7 billion), compared with T$91 billion in the second quarter.
    HTC was expected to earn T$92.51 billion in revenue in the third quarter, according to the median of 18 analysts polled by Thomson Reuters.
    "China will continue to see growth in the third quarter, while other markets will have different degrees of decline," Chief Financial Officer Chialin Chang told an investor conference.

    Sentiment: Strong Sell

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