Smartphone maker HTC said it still expects double digit revenue growth in 2009 despite a 3.4% contraction in revenues in the first quarter to 31.59 billion Taiwanese dollars (954 million US dollars). The Taiwan-based company, which makes smartphones running Microsoft and Google software, blamed the shortfall on delays in shipping new products.
HTC's operating income in the first quarter of 2009 was 4.85 billion Taiwanese dollars, down 35% on the same period in 2008. source: HTC statement
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