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Tech Companies News Byte: HTC Sees Third-quarter Revenue Sliding Downhill

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Tech Companies News Byte: HTC Sees Third-quarter Revenue Sliding Downhill

Tech Companies News Byte: HTC Sees Third-quarter Revenue Sliding Downhill
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Tech Companies News Byte: HTC Sees Third-quarter Revenue Sliding Downhill

Wochit 1:17 mins

Taiwan's HTC Corp said it expects revenue to fall as much as 30 percent. A delayed launch for the much-hyped HTC One has highlighted the company's struggles against dominant smartphone makers Apple and Samsung and giving the company a weak outlook for profit margins. Early responses to Google's refreshed Nexus 7 tablet have been very positive, but that apparently might not stop Asus from losing its Nexus contract. According to a research note from plugged-in KGI Securities analyst Ming-Chi Kuo picked up by 9to5Google, Google will likely dump Asus for its 2014 Nexus 7 model and instead turn to LG to build the device. In a description of the operations at Apple Supplier Pegatron, the watchdog group China Labor Watch may have inadvertently confirmed the existence of a low-priced plastic iPhone long-rumored to be in production. Page 11 reads "Its assembled products include iPhone 4, iPhone 4s, iPhone 5, and low-priced plastic iPhones," the report said.

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