Five Companies That Dropped The Ball This Week

HTC Fourth-Quarter Guidance Illustrates Smartphone Struggles

HTC issued guidance for its upcoming quarter, and the picture is far from pretty. The Taiwanese device maker expects fourth-quarter revenue of $2.1 billion, compared to analysts' estimate of $2.5 billion.

HTC's issues are partly due to Samsung's aggressive expansion in smartphones, and partly due to its being unable to get new products on the market until mid-November, according to a report from Bloomberg.

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