10/8/2012 10:28:39 AM
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