HTC shares fall

Note: This section contains information in English only.
Source: BBC
© Scanpix/Reuters

Shares of HTC, well-known Taiwan-based smartphone producer, decreased by 7% after the company announced cut in the growth forecast. Revenue decrease was caused by increased competition and weaker demand, reports HTC. In October HTC announced a decline in revenues to T$ 125bn as compared to T$ 135.8bn in three previous moths. The company expects no growth compared to  2010.

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