HTC expects a decline in revenue by 30% by the end of the quarter

Resource Reuters published the projected financial performance of the company HTC for the third quarter of 2013.

According to an updated forecast of the company HTC, in the third quarter of the amount of the revenue will be reduced by 30%. Such forward-looking figure was well below the prior expectations of analysts. In the previous quarter, HTC had revenues of $ 2.4 billion, a year earlier – $ 2.39 billion analysts expected that third-quarter revenue of about $ 2.57 billion Now, HTC said it expects to earn in the third quarter of $ 1.7 billion to $ 2.0 billion

Currently, HTC is experiencing strong pressure from the biggest competitor in the mobile market – Samsung and Apple. In addition, recent quarterly financial reports HTC showed disappointing results, the company has reduced revenues and net income.

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