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Q3 11 HTC Weak Q4 Outlook Disappoints
HTC’s results for Q3 2011 were broadly in-line with forecasts. Global smartphone shipments of 13 million units were enough to propel the Taiwanese device-maker into fourth place in our rankings. However, HTC’s weaker-than-expected outlook for Q4 is a concern. Faced with a major marketing push by Nokia, Samsung and Apple to promote their new models, HTC is experiencing its toughest challenge for some time. While HTC has delivered impressive growth over the past two years, it now faces a battle to maintain its strong position in a smartphone market that will be more competitive than ever going into 2012.