Thursday, November 3, 2011

HTC Rezound With Beats Audio To Sell For $299

HTC said its latest smartphone, the Rezound, includes audio technology from Beats, the audio company it bought earlier this year. The Rezound will go on sale at No. 1 U.S. mobile service Verizon Wireless on November 14 for $299.99.

It will work on Verizon's fastest network. But the device, which runs on Google Inc (GOOG.O) Android software, will have to compete at the carrier with phones such as Apple Inc's (AAPL.O) iPhone and the Droid Razr from Motorola Mobility (MMI.N), as well Samsung Electronics Co Ltd (005930.KS) phones.

The launch comes at a time when HTC is in need of a boost as it is expected to lose market share this quarter. Earlier in the week, HTC warned revenue in the fourth quarter, normally a bumper sales season, would fall below third-quarter levels, as it expects phone shipments to fall to a range of 12 million to 13 million from 13.2 million.

by Sinead Carew