HTC sees Q1 revenue flat to 17% lower vs Q4
Samsung Electronics, the world's top smartphone maker, said last month that it expected the global smartphone market to shrink in the first quarter from the seasonally strong fourth quarter, while the overall handset market would see growth at a mid single-digit percentage rate this year from 2012, with the smartphone segment set to slow.
Strong smartphone sales powered an 89 percent increase in operating profit at the Korean company in the October-December quarter to a record $8.3 billion.
Cupertino, California-based Apple, which faces intense competition from Samsung, sparked a slide in its share price late last month when it forecast lower revenue of $41 billion to $43 billion in its current fiscal quarter, down from $54.5 billion in the previous quarter and below the average Wall Street forecast of more than $45 billion.
On Monday, shares of HTC fell 1.6 percent, versus a 0.9 percent rise in broader market. HTC's shares have fallen more than 40 percent since the start of last year, compared with a 12 percent rise in the Taiwan stock benchmark.
Be the first to comment.