HTC Struggling Against Competition, Q3 Sales Expected to be Flat
Analysts noted that HTC’s June sales year-over-year were down 25% and predicted that Q3 sales won’t be much different than Q2 despite the July-September timeframe normally being ripe for growth.
Further, there doesn’t seem to be much in HTC’s pipeline as far as product launches go, aside from the rumored HTC One Mini that could launch in August. All in all, the intense competition in the smartphone market from heavy hitters Apple and Samsung is a bit too much for HTC.
If there’s any good news for the company, it may be that Samsung’s second quarter was also soft, as the company fell short of its own modest expectations.