HTC lowers growth expectations

Taiwan-based handset maker, High Tech Computer (HTC), has lowered its expected 2009 revenue growth because of global economic slowdown.

CEO Peter Chou said he expects revenue growth to be in ‘double digits’ this year.

This is a significant step back from the 20% growth he predicted for 2009 in an October conference call.

Chou warned that visibility is ‘extremely low’, so short-term revenue growth could be even harder hit.

He is positive, however, about uptake of HTC’s new handsets after the best consumer response in years at the 2009 CES International trade show.

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