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.