HTC sees third-quarter revenue sliding as much as 30 percent, missing forecasts

[Wireless News]

http://l3.yimg.com/bt/api/res/1.2/VNg39nJWTwXeWZHDVF0_JA--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9ODU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2013-07-30T083359Z_2_CBRE96T0N8S00_RTROPTP_2_CTECH-US-HTC-GUIDANCE.JPG (http://news.yahoo.com/htc-sees-third-quarter-revenue-sliding-much-30-083359360.html)By Faith Hung TAIPEI (Reuters) - Taiwan's HTC Corp said it expects revenue to fall as much as 30 percent in the third quarter compared to the previous three months, far below analysts' forecasts, citing fierce competition in the mid to high-end smartphone markets. A delayed launch for the much-hyped HTC One this year has highlighted the company's struggles against dominant smartphone makers Samsung Electronics Co Ltd and Apple Inc at a time when the market for high-end phones is said to be approaching saturation. The company also indicated a weak outlook for profit margins. ...



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