“Taiwanese smartphone maker HTC today announced its monthly sales figures for November, posting financials that highlighted a 30% drop in sales from October, and 20% down on the same period in 2010,” Matt Brian reports for TNW.
“In November, HTC revised its revenue estimates in the fourth quarter, warning investors that increased competition in the smartphone market and a hostile economic climate would affect revenues,” Brian reports. “Today’s filing will do little to reassure HTC investors after the company’s share price yesterday plummeted to a 17-month low ahead of a potential device ban in the U.S as a result of a legal fight against Apple.”
Brian reports, “The Cupertino-based company continues to squeeze HTC over its device designs but is also eating into its sales following the release of the iPhone 4S.”
Read more in the full article here.
MacDailyNews Note: Pre-orders for Apple’s iPhone 4S began on October 7, 2011 in the United States, Canada, Australia, United Kingdom, France, Germany, and Japan, with an October 14, 2011 launch date. iPhone 4S was released in 22 more countries on October 28.
[Thanks to MacDailyNews Reader “GetMeOnTop” for the heads up.]
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