More than $1 billion shed from HTC’s market cap in two days

HTC’s (2498) struggles did not relent in the second quarter as the company’s profit tumbled 58% compared to the same quarter last year. To make matters worse, the company’s third-quarter guidance sees sales dropping by 23% as margins continue to thin. HTC’s revenue declined at an even swifter rate during the first month of the quarter, and investors reacted on Monday and Tuesday by shaving more than $1 billion from the company’s market capitalization in just two days. “HTC’s weak third-quarter outlook means it will continue to lose market share and any market-share gains in China won’t likely offset its substantial loss in its key Europe and U.S. markets,” RBS analyst Wanli Wang told The Wall Street Journal. Shares of HTC stock have fallen by more than 50% so far this year.

HTC Q3 2012 earnings guidance: $1 billion shed from market cap

da fuk is going on man???!


Does the market only want 2 phones? Is that what this is about? I want a galaxy or an iphone? That's it???

[pic] Somethin's not right here. How are they losing this bad rite now??

Javon curse. [pic]

Motorola...

It's cause they fell off..

Look ive htc phones since the mogul, touch pro, touch pro2, Evo 4g, Evo 3d and now I have the S3. HTC fell of hard i hate the One series they all suck imo the EVO LTE is nice but it feels rushed and thats the problem they are dead set on being first they lost site of what they needed to be the best. Battery life is awful at best, Sense 4 is super bloated and laggy and they tak forever for updates. Now the updates part is subjective if you root your device but they have such weak dev support. Unless they change, it will continue this way

The % would've been more useful.

It Apple loses $1 billion in market cap, that's nothing. But HTC is a much smaller company.