HTC Share Price Plummets Amid Competitive Pressures And UncertaintyApril 2012 | Company News Alert
HTC suffered a 6% fall in one day's trading on April 16 2012. The dramatic fall was spurred by disappointing Q112 results, a change in CFO and news that Samsung would launch its new Galaxy handset earlier than expected. While these events accelerated HTC's fall, the downward trend has been in place for the past 12 months, as pressures of the highly competitive mobile handset market make themselves felt. BMI believes competition from Samsung and Apple has played a key role in the company's misfortunes. We believe HTC is unlikely to become a global leader in the high-end smartphone market, although we see strong potential for growth in the low-end market.
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