HTC Adjusts Its Q4 2011 Revenue Forecast

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.”
Tags:  HTC