HTC Magic, Android-Based Phone
While Nokia layoffs mount with the news of 1,700 more being let go as well as other requested concessions, HTC acts bullish saying they will release three new Android phones. This on the heels of the fact that the Asian company exceeded its G1 target of one million devices sold so far. Here are some interesting excerpts from a Wall Street Journal article:
In the fourth quarter, world-wide smartphone sales grew 3.7% from a year earlier to 38.1 million units, research firm Gartner said earlier this month. HTC’s market share rose to 4.3% in the three months ending Dec. 31 from 3.7% a year earlier, the report said.
HTC will focus on the Chinese market this year, Mr. Chou [HTC Peter Chou, CEO] said, adding that the company maintains its 2009 revenue growth forecast of 10% to 20%.
While Nokia is a massive force in the cell phone market their troubles related to the economy are being increased by the success of the iPhone, RIM, Android and others. The competition is mounting and I wonder if the Palm Pre will also have impact on Nokia and others this year.