HTC sees Q1 revenue flat to 17 percent lower

  • Taiwanese smartphone maker HTC Corp said on Monday it expects revenue to be flat to 17 percent lower in the first quarter compared with the previous three months.

    HTC expects first-quarter revenue of $1.69-2.03 billion.

    That compares with $2.03 billion in the fourth quarter and $2.22 billion a year ago.

    The weaker-than-expected outlook comes in the wake of a 91 percent year-on-year slide in the company's net profit in the fourth quarter.

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