Rate HTC collapses after sales figures alarm the stock price HTC

08-06-2015 15:05

sank Monday the most in a decade after the smartphone manufacturer reduced its sales forecast by 35 percent and announced a large depreciation.

The price plunged by 9.9 percent, the daily limit, down to 83.60 Taiwanese dollars. That is the lowest rating since May 2005.

A lower demand for more expensive smartphones and weaker sales in China were the main reasons for the turnover alarm. HTC now expects sales of $ 33 billion (almost 953 million euros) in the second quarter, where the company at the end of april, still was counting on 46 to 51 billion dollars. The company posted in the first quarter a charge of $ 2.9 billion, making the bottom line will end up in the red.

z24