Focus Taiwan
Date: 2015/04/29
By: Lo Hsiu-wen and Frances Huang

Taipei, April 29 (CNA) Several brokerages have cut their target prices on shares of smartphone vendor HTC Corp. (宏達電) after the company gave a disappointing outlook for the second quarter of this year.

In a research note, BNP Paribas said that although HTC will launch new models starting from the current three-month period, the new products could fail to boost the smartphone vendor’s shipments for the rest of the year.

Among other foreign brokerages that are downbeat toward HTC, BNP Paribas has forecast that HTC’s shipments for 2015 will total 18 million units, down 13 percent from a year earlier.     [FULL  STORY]