HTC Corp., the giant Tawain-based smartphone maker that maintains its North American operations in the Seattle area, said Monday that revenue may drop as much as 36 percent in the first quarter as it continues face challenges from Samsung and Apple. Sales are now expected in the range of $2.2 billion to $2.37 billion.
Reuters reports that the problems are expected to be “short-term” in nature since HTC is gearing up to release several new smartphone models, including four devices at the Barcelona Mobile World Congress this month.
Last month, HTC said that profits declined for the first time in more than two years as net income fell 26 percent to $364 million.
Here’s a look at what’s happening in the smartphone market: