Taiwan smartphone maker HTC cuts sales forecast

Jun 07, 2012

(AP) — Taiwan smartphone maker HTC Corp. has cut its second quarter revenue forecast by 13 percent after a patent dispute with Apple Inc. led to a delay in shipments.

HTC cut its April-June to NT$91 billion ($3 billion) revenue. It said late Wednesday shipments to Europe also fell short because of the deepening debt crisis there.

The company's first quarter revenue dropped 35 percent from the previous year amid ever growing competition from Apple Inc. and South Korea's Samsung Electronics Co.

HTC had hoped the April launch of its "HTC One" phone could help boost . The model offers users a better camera and music experience.

But phone were held up by U.S. customs for two weeks last month before HTC was cleared of patent infringements.

Explore further: Netflix branches into films with 'Crouching Tiger' sequel

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Taiwan's HTC expects 30 percent sales plunge in 1Q

Feb 06, 2012

Taiwan's leading smartphone maker HTC forecast Monday that its revenue in the three months to March may plunge 30 percent from a year ago, as competitors Apple and Samsung take their grip on the market.

Recommended for you

What's PayPal's first solo move?

12 hours ago

PayPal's impending split from long-time partner eBay Inc. will ratchet up its appeal to online retail competitors such as Amazon.com and give it the freedom to aggressively take on new mobile pay challeng ...

AOL to feed more video, news to Microsoft's MSN

17 hours ago

AOL will provide Microsoft's MSN with more video and additional news stories from popular sites such as The Huffington Post and TechCrunch in an expansion of a deal aimed at selling more digital advertising.

Microsoft to tap $2-trillion Indian cloud market

21 hours ago

Microsoft announced plans Tuesday to offer its commercial cloud services from Indian data centres as it seeks to tap what it calls a $2-trillion market in the country where Internet use is growing rapidly.

User comments : 0