Photo: Ellis Hamburger, Business Insider
Remember when HTC was the hot Android phone maker? Those days appear to be over.Ryan Kim at GigaOm reports:
In the first quarter, HTC said it was expecting revenue of between 65 billion and 70 billion Taiwanese dollars or $2.20-2.37 billion, which could amount to as much as a 36 per cent drop from the previous quarter. Analysts had expected HTC to generate $89.64 billion or $3.04 billion in revenue this quarter. HTC had previously released unaudited results for the fourth quarter but the forecast raised new concerns for HTC as it looks to regain its momentum.
“Our weakness in first-quarter guidance also comes from facing competition in the U.S. from iPhone and Samsung,” said Chief Financial Officer Winston Yung said on a conference call. “LTE handsets also didn’t meet our expectations.”