HTC Revises Q4 Revenue Forecast, Foresees No Growth

Advertisement

After a previous steady 20 percent to 30 percent year-on-year growth, HTC has now revised its revenue forecast for the last quarter of 2011. The Taiwanese company said it is expecting no-growth stagnation which immediately reflected in HTC shares dropping 7 percent.

If in the first half of the year HTC saw shipments almost doubling, the second half of 2011 was a slower period, mainly because of increased competition from manufacturers like Apple and Samsung. However, the phone-maker predicts a revenue growth for the first half of 2012 while remaining confident in its products. Credit Suisse said the new forecast translates to up to 25 percent quarterly decline and two-million smartphone units less. After shares have dropped, the Swiss multinational financial services company changed HTC’s rating from “outperform” to “neutral”.

Source: Reuters

Via: PhanDroid

Advertisement

What's your reaction?
Love It
0%
Like It
0%
Want It
0%
Had It
0%
Hated It
0%
About The Author
Anton D. Nagy
Anton is the Editor-in-Chief of Pocketnow. As publication leader, he aims to bring Pocketnow even closer to you. His vision is mainly focused on, and oriented towards, the audience. Anton’s ambition, adopted by the entire team, is to transform Pocketnow into a reference media outlet.Given his background, and knowing his potential, something tells us he will succeed this time too! Stick around!