HTC crisis on cards as shares drop 7 per cent

Pocket-Lint: HTC has seen its company shares drop a whopping 7 per cent in just a single day, following a revenue forecast cut.

The company said it plans on being in a similar position revenue-wise at the end of 2011 as it was in the previous year. HTC is pointing to increased competition as a reason for the reduced growth, which it had previously forecast to be around 20 or 30 per cent.

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