Is HTC?s 20% Revenue Dip Last Month A Sign Of Things To Come?

Even though HTC has just come off of a record-breaking third quarter, it seems like some of the company's mobile momentum is evaporating. The Taiwanese company recently cut their Q4 sales forecasts by more than 20%, and thanks to HTC's unaudited November financials, it's clear that the move was a wise one. The financial report reveals a considerable drop in revenue when compared to HTC's performance this time in 2010. Last month HTC had revenues of NT$30.9 billion (or $1.02 billion), while last year they managed to pull in nearly NT$38.5 billion ($1.27 billion). That's almost a 20% dip in revenues year-over-year, which could put an end to HTC's continuous growth streak.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/d35woSvbYBs/

ndamukong suh aptera aptera facebook ipo facebook ipo national defense authorization act national defense authorization act