Although smartphone maker HTC
claims almost a quarter of the U.S. smartphone market in numbers of handsets shipped, the company announced that it was revising its Q4 2011 revenue projections--downward--primarily due to a depressed global economy and stiff competition.
The news isn’t exactly horrible; HTC now expects its Q4 2011 revenue to match its Q4 2010 revenue. The company issued this statement:
“Despite 2011 Q4 revenue is not what we expected, HTC has strong confidence in its products and operation. We expect that growth will return in 2012 H1.”