Feeds

HTC: Apple and Samsung won't steal our lunch

Talks up mystery mobes to soothe flighty investors

Security for virtualized datacentres

HTC is insisting it'll do better next year as its shares plummet amid fears over its profits.

The smartphone maker's stocks have fallen 32 per cent since 15 November as the company gives ground in the highly competitive sector to rising stars like Samsung and well-established dominators like Apple, both in market share and in patent disputes.

Those fears appeared to be well-grounded last week, when HTC reviewed its growth forecast for the fourth quarter to no growth.

"Due to global macro economic downturn and market competition, the assumptions of 2011 Q4 financial forecast provided earlier are no longer applicable," the company said in a canned statement.

"HTC expects 2011 Q4 revenue to be approximately the same as Q4 last year. Despite 2011 Q4 revenue [being] not what we expected, HTC has strong confidence in its products and operation. We expect that growth will return in 2012 H1."

Despite the revision however, and the falling shares, the Taiwanese company is staying upbeat.

"I don't think it's so serious," chief financial officer Winston Yung told Reuters on Sunday.

"We have six quarters of improvement, the most conservative guidance is 45 million units of shipments this year, a lot higher than 25 million last year," he added.

He also thinks that the new models that the firm has for next year will help make it more competitive.

"We will focus on the product next year, better and more competitive. Other than new LTE phones for the US market, we also have phones for the global market. We will launch some worldwide flagship products. We're confident in them," he said.

Unfortunately, the company refuses to discuss its "product roadmap", meaning an HTC spokesperson wouldn't give El Reg any juicy tidbits about what these flagship phones might be like or when we might see them.

Which may not be the best idea in the world, since just saying things are going to get better doesn't seem to be boosting too much investor confidence. Shares dropped 3.63 per cent on Monday, to close at just 471.50 Taiwanese dollars (£9.95), a far cry from this year's high in April of 1,300 (£27.43). ®

Intelligent flash storage arrays

Whitepapers

Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Saudi Petroleum chooses Tegile storage solution
A storage solution that addresses company growth and performance for business-critical applications of caseware archive and search along with other key operational systems.
Getting ahead of the compliance curve
Learn about new services that make it easy to discover and manage certificates across the enterprise and how to get ahead of the compliance curve.