Staff Reporter
,
Hong Kong
There has been a price war among entry-level smartphones.
TCL Communication Technology Holdings Limited is expecting to record a loss in the financial results for both the three months and the year ended 31 December 2012.
Among the reasons cited was the general decrease in the average unit selling price and gross profit margin for feature phones. The company said this was brought by the price war.
An announcement said the sales volume of the Group’s smartphones has not achieved the economies of scale.
Join Hong Kong Business community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!