Fresh turmoil at HTC is casting a shadow over the once highly-regarded Taiwanese smartphone maker, which has fallen victim to industry shifts and slow sales amid cut-throat competition in China.
In each of the two trading sessions since the company slashed a sales forecast on Friday, its shares have fallen 10 per cent, the maximum daily limit on the Taipei exchange.
HTC stock is 94 per cent below its April 2011 record high of NT$1,238.10. This year it has fallen 47 per cent.
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