By: Central News Agency\
Taiwan-based smartphone brand HTC Corp. saw a monthly sales drop of 16 percent in November,which market analysts attributed to escalating competition in the global smartphone market.
In a statement Friday, HTC reported NT$550 million in consolidated sales for November, down 16 percent from a month earlier and the second consecutive monthly decline.
The monthly drop, however, was not as steep as in October, when the company's sales fell 48 percent to NT$660 million, HTC data showed.
Still, the November figure was 62 percent lower than a year earlier, which was indicative of the headwinds HTC is facing in the high-end and mid- to low range smartphone segments of the global market, analysts said. [FULL STORY]