UPDATED · News · 31 Jul 2009 · MTW Editorial Team
Today HTC announced that they are lowering their revenue forecast on product delay and launch of cheaper phones. The company’s CEO, Peter Chou is quoted as saying the following :
“Our momentum in the second half of this year may not be as strong as we initially thought it would be”
“The number of mid-tier smartphones we’re pushing out this year will gradually increase, which will push down revenue. Momentum on both the Windows Mobile and Android platforms are also turning out to be weaker than expected.”
The Reuters article doesn’t specify which product was delayed unfortunately.
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