Few weeks ago we told you about our concerns with HTC Christmas quarter outlook. It seems that our worries were spot on, and Taiwanese company situation is even worse then expected. According to Bloomberg, HTC issued a profit warning today, telling investors that they expect Q4 2011 revenue to be around NT$104 billion (~ $3.5B). That's about 25% below NT$125-135B HTC was expecting to earn only 3 weeks ago. And it's about the same amount HTC brought in during Christmas quarter last year.
Unwired View
See also:
techcrunch, HTC stops growing. Slashes revenue forecast by a 25%
No comments:
Post a Comment