. Struggling smartphone vendor HTC (2498) said on Friday that its business will continue to decline in the third quarter this year. The company last month reported a massive drop in profit and revenue during the second quarter, and alongside its now-audited Q2 results, HTC has forecast further decline in the third quarter. Revenue this quarter is seen falling 23% compared to the same period in 2011, and both gross margin and operating margin are seen thinning to 25% and 7%, respectively.
Boy Genius Report , HTC says struggles will continue in Q3; forecasts 23% drop in sales, thinning margins, HTC says struggles will continue in Q3; forecasts 23% drop in sales, thinning margins
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