The company said Friday it expects its 2009 revenue to fall by a low- to mid-single-digit percentage, after earlier saying it expected a 10% increase. Revenue last year rose 29% to $152.56 billion Taiwanese dollars (US$4.65 billion).More info at WSJ.
Analysts said HTC is facing increasing competition because rivals such as Motorola Inc. and Sony Ericsson are moving in on its territory by producing phones based on Google Inc.'s Android operating system. The firm had been the only company that produced phones using Android.
HTC sales to drop due to product launch delays
Posted on Monday, Aug 03 2009 @ 14:29 CEST by Thomas De Maesschalck