5G Technology World

  • 5G Technology and Engineering
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • EE Learning Center
  • 5G Videos
  • Handbooks
    • 2022
    • 2021
  • Design Guides
    • WiFi & the IOT Design Guide
    • Microcontrollers Design Guide
    • State of the Art Inductors Design Guide

HTC Slashes 2Q Forecast on Slumping Sales

By Staff Author | June 5, 2015

Smartphone maker HTC on Friday slashed its revenue projection for the second quarter as sales of its high-end Android phones have suffered a severe decline. 

According to the company, HTC will see a net loss of about $256 million in the second quarter, and the company said that it now expects sales for the upcoming quarter to be between $1.06 billion and $1.6 billion, roughly half what the company reported in the same quarter last year. 

In a statement, HTC said that increased competition has raised operating costs for product promotion, and the company is working on cost-saving measures to improve operating efficiency.
 
HTC’s flagship One M9 has received generally positive reviews, however the company is now going up against a pair of new Galaxy smartphones from Samsung–the S6 and S6 edge–as well as Apple’s iPhone 6 and iPhone 6 Plus. 

According to comScore, HTC controlled 3.8 percent of the U.S. smartphone market by vendor at the end of the first quarter. That was down from 4.1 percent in the same quarter last year. Apple currently takes home about 41 percent of the total smartphone market in the United States, while Samsung has captured 29.3 percent.  

Shares of HTC were down just under 2 percent to $92.80 in early trading. 

Related Articles Read More >

5G vectors
How RedCap fits into 5G and IoT
Benetel RAN650
OpenRAN mid-band radio brings cellular to private and campus networks
Don’t push on that icon and other 3G sunset issues
LTE Cat 1 modules target worldwide IoT connectivity

Special Issue: 5G Handbook

Need 5G Technology World news in a minute?

We Deliver!
5G Technology World Enewsletters get you caught up on all the mission critical news you need. Sign up today.
Enews Signup

EE World Online Twitter

Tweets by @RandDWorld

EE TRAINING CENTER CLASSROOMS

EE Classrooms
5G Technology World
  • Enews Signup
  • Contact Us
  • EE World Online
  • DesignFast
  • EDABoard Forums
  • Electro-Tech-Online Forums
  • Microcontroller Tips
  • Analogic Tips
  • Connector Tips
  • Engineer’s Garage
  • Power Electronic Tips
  • Sensor Tips
  • Test and Measurement Tips
  • Wire & Cable Tips

Copyright © 2022 WTWH Media LLC. All Rights Reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of WTWH Media
Privacy Policy | Advertising | About Us

Search 5G Technology World

  • 5G Technology and Engineering
  • Apps
  • Devices
  • IoT
  • RF
  • Radar
  • EE Learning Center
  • 5G Videos
  • Handbooks
    • 2022
    • 2021
  • Design Guides
    • WiFi & the IOT Design Guide
    • Microcontrollers Design Guide
    • State of the Art Inductors Design Guide