HTC sees Q1 revenue flat to 17 percent lower versus Q4
TAIPEI (Reuters) – Taiwanese smartphone maker HTC Corp expects revenue to be flat to 17 percent lower in the first quarter compared with the previous three months, worse than forecast, while margins are also seen holding steady or shrinking. The former contract manufacturer’s fortunes have been declining sharply since the second half of 2011, as the growing dominance of Apple Inc’s iPhone and Samsung Electronics Co Ltd’s Galaxy range quickly deflated the success of its own brand’s rapid rise. HTC said on Monday that it expects first-quarter revenue of T$50 billion to T$60 billion ($1. 69-2. . . .
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