Taiwanese smartphone maker HTC Corp said on Friday it sees sales growing only in China this quarter while other regions decline, forecasting as much as a 23 percent fall overall in revenue, in a further sign of how tough its road to recovery will be.
The world’s number five smartphone maker, once one of the industry’s high flyers but badly hit by competition from Apple Inc and Samsung, sees third-quarter revenue at between TWD70 billion (USD2.34b) and TWD80b, compared with TWD91b in the second quarter.
HTC was expected to earn TWD92.51b in revenue in the third quarter, according to the median of 18 analysts polled by Thomson Reuters.
(Source: The Malaysian Insider )