HTC Sees Tough U.S. Market, Lower Sales
Smartphone maker HTC Corp. warning that it may have permanently lost its grip on the U.S. market, said its sales and profitability will fall this quarter amid tougher competition.
The Taiwan-based company built a following in the U.S. by being one of the first to sell smartphones powered by Google Inc.’s Android operating system. It was the top seller of Android-based smartphones in the U.S. in 2010, with a market share of 11.8 percent, but lost the top spot to Samsung Electronics this year.
