The company cited weakening global demand and a huge uptick in competition as its main factors.
Revenue is now expected to come in at around NT$104 billion, down from its already lowered forecast of NT$125 billion.
If accurate, HTC will see no growth year-over-year, a huge disappointment to investors.
While smartphone demand continues to grow, HTC has seen increasing competition from Samsung and Motorola in the Android market, and Nokia now in the Windows Phone 7 market.
HTC will ship 12 million phones in the quarter, the first time it has seen a drop in shipments in 2 years.
Written by: Andre Yoskowitz @ 23 Nov 2011 15:01
