HTC expects its revenues to drop 1-8% sequentially to NT$125-135 billion (US$4.18-4.51 billion) for the fourth quarter of 2012, and its shipments will sink 1-8% to 12-13 million units during the same period, according to company CFO Winston Yung.

Unfavorable macro-economic conditions, increasing market competition and a late launch of LTE-enabled models in the US will affect the company's performance in the fourth quarter, Yung explained at an investors confernece on October 31.

The projected fourth-quarter revenues and smartphone shipments represent an increase of 20-30% and 31-42%, respectively, from a year earlier. HTC also predicts its gross margin for the fourth quarter to range from 27.5-28.5%.

However, three investment institutions - JP Morgan Chase, Citigroup Global Markets and Macquarie Capital Securities - all have adjusted their target share prices for HTC immediately after the Taiwan-based smartphone vendor released its conservative outlook for the fourth quarter.

By: DocMemory
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