Profits continue to fall at HTC

Profits continue to fall at HTC

Net profit has continued to fall at HTC, with the Taiwanese handset manufacturer making NT$3.9bn (£82.8m) in its recent quarter, its lowest since 2006.

The slumping profit comes amid increased competition from the likes of Apple and Samsung. Profits fell 79% from the NT$18.64bn (£395.8m) it made in 2011. The manufacturer did not elaborate on any reasons for its performance. Sales hit NT$70.2bn (£1.49bn), almost halving from its NT$135.82bn (£2.89bn) revenue for the same period in 2011.

Last week, HTC UK head Phil Roberson said it was positioning its forthcoming Windows Phone handsets alongside its existing Android One series in a bid to claw back market share.

Editor: Graeme Neill

Written by Mobile Today
Mobile Today

Comments

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HTC have seriously dropped the ball. Few years back would only recommend there Android handsets, but Samsung have totally swiped that market share. ...
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