Wednesday, December 7, 2011

HTC says no plan to change Q4 guidance yet

[ Reuters ] 7 Dec

HTC Corp has no plans for now to change its fourth-quarter sales guidance, as shares in the world's No.4 smartphone maker tumbled nearly 7 percent on Wednesday on worries that a 30 percent drop in monthly sales may point to worse times ahead.
"December sales are also expected to be lower than November because HTC is still facing the same issue, which is competition from Apple and Samsung," said KGI Securities analyst Richard Ko.

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