HTC's patent dispute with Apple has damaged its finances, the company said.
The handset maker announced today that it has revised its second-quarter outlook (PDF) from an expected NT$93.6 billion (about $3.1 billion) to NT$91 billion. In addition, the company's anticipated gross margin of 29 percent has been revised to 27 percent. HTC's operating margin will now likely hit 9 percent, rather than the initial 11.2 percent figure.
According to HTC, the downturn is due in part to "lower-than-anticipated sales to Europe." In addition, the company says that the "… Read more