HTC Predicts Revenue Decline

HTC Corp., a Taiwanese handset maker, has released expectations that its revenue will drop this year due to delayed product launches, weak contract-order demand, and disappointing Chinese sales. Although it had once predicted a 10 percent increase in revenue, HTC now expects revenue to fall by a single-digit percentage amount.
 
Last year, HTC’s revenue increased 29 percent to US$ 4.65 billion, but growing competition on the part of companies like Motorola and Sony Ericcson, both in the process of incorporating Google’s Android operating systems into their handsets, has removed HTC’s biggest advantage.
 
HTC manufactures T-Mobile USA’s G1 phone, which makes use of …read more