HTC’s Sales Forecast Trails Estimates as It Awaits New Models
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HTC Corp., Asia’s second-largest smartphone maker, forecast revenue that missed analysts’ estimates as it awaits the introduction of new products to help the company rebound from its first profit drop in two years.
First-quarter sales will be NT$65 billion ($2.2 billion) to NT$70 billion, the Taoyuan, Taiwan-based company said in a statement yesterday. Revenue is expected at NT$84.9 billion, according to the average of 14 analysts’ estimates compiled by Bloomberg. HTC didn’t provide a shipment forecast.