HTC Forecasts Continued Sales Decline as Market Share Wanes
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HTC Corp. forecast its sixth consecutive decline in quarterly sales as the Taiwanese smartphone maker faces a loss of market share to Chinese rivals.
First-quarter revenue will be NT$50 billion ($1.7 billion) to NT$60 billion, the Taoyuan, Taiwan-based company said in a statement today. That’s below the NT$64.8 billion average of 19 analyst estimates compiled by Bloomberg.