HTC sees Q1 revenue flat to 17% lower vs Q4

Strong smartphone sales powered an 89 percent increase in operating profit at the Korean company in the October-December quarter to a record $8.3 billion.

Cupertino, California-based Apple, which faces intense competition from Samsung, sparked a slide in its share price late last month when it forecast lower revenue of $41 billion to $43 billion in its current fiscal quarter, down from $54.5 billion in the previous quarter and below the average Wall Street forecast of more than $45 billion.

On Monday, shares of HTC fell 1.6 percent, versus a 0.9 percent rise in broader market. HTC's shares have fallen more than 40 percent since the start of last year, compared with a 12 percent rise in the Taiwan stock benchmark.

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