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: Birch Communications buying Cbeyond for $323M

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

TCS, Mitsubishi to create new Japan IT services firm

3 hours ago

India's biggest outsourcing firm Tata Consultancy Services (TCS) and Japan's Mitsubishi Corp said Monday they are teaming up to create a Japanese software services provider with annual revenues of $600 million.

Chinese tech giant Alibaba set to make a splash with US IPO

19 hours ago

The largest tech IPO of the year will come from a company that many Americans have never heard of. Alibaba Group - a Chinese e-commerce behemoth - has decided to go public in the U.S. after months of speculation that it would ...

Ex-Apple chief plans mobile phone for India

Apr 19, 2014

Former Apple chief executive John Sculley, whose marketing skills helped bring the personal computer to desktops worldwide, says he plans to launch a mobile phone in India to exploit its still largely untapped ...

User comments : 0

More news stories

Students take clot-buster for a spin

(Phys.org) —In the hands of some Rice University senior engineering students, a fishing rod is more than what it seems. For them, it's a way to help destroy blood clots that threaten lives.

Finnish inventor rethinks design of the axe

(Phys.org) —Finnish inventor Heikki Kärnä is the man behind the Vipukirves Leveraxe, which is a precision tool for splitting firewood. He designed the tool to make the job easier and more efficient, with ...

First steps towards "Experimental Literature 2.0"

As part of a student's thesis, the Laboratory of Digital Humanities at EPFL has developed an application that aims at rearranging literary works by changing their chapter order. "The human simulation" a saga ...