HTC sales to drop due to product launch delays

Posted on Monday, Aug 03 2009 @ 14:29 CEST by Thomas De Maesschalck
Taiwanese smartphone maker HTC said it expects its revenue to fall this year because of delays in product launches, fewer contract orders than expected and lower-than-expected sales in China.
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).

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.
More info at WSJ.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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