F5.5G Leap-forward Development of Broadband in Africa The Africa Broadband Forum 2024 (BBAF 2024) was successfully held in Cape Town, South Africa recently, under…
HTC sees gloomy year for mobe sales
The Taiwanese cellphone mega-manufacturer has cut its immediate revenue forecasts by as much as a quarter, citing continuing global recession and competition from Apple and Samsung. It expects it’s fourth quarter revenues to be $3.4 billion – the same as this time last year.
“Due to global macroeconomic downturn and market competition, the assumptions of 2011 Q4 financial forecast provided earlier are no longer applicable,” HTC said. Growth will return in the first half of next year, it said.