HTC sees a bleak Q4

After a dismal Q3, HTC (HTCKF) sees more of the same in Q4, forecasting revenue of NT$40B ($1.4B) vs. analyst expectations of NT$52.2B ($1.8B).

A local analyst noted, "HTC One was a good phone but faced supply chain problems, now HTC One Max has no supply troubles yet it's not a strong product." The HTC One Max is a phablet-sized version of the original One and was launched back in Oct.

Gross margin is seen at 19%-21%, with the company aiming to cut opex to NT$10B or below (compared to NT$13.1B in Q3 and NT$15.3B in Q3 2012).

Shares are down 7%, the daily maximum swing, in Taiwan trading.

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