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


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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