HTC Q4 net lags forecasts with 91 percent fall
TAIPEI (Reuters) – Taiwanese smartphone company HTC Corp’s net profit in the fourth quarter of 2012 missed forecasts and plunged 91 percent year-on-year as its models continued to be outsold by Apple Inc’s iPhone and Samsung Electronics Co Ltd’s Galaxy range. The former contract maker has been suffering a sharp decline in its fortunes since the second half of 2011 following a fairytale ride when it built a strong global brand with phones based on Google Inc’s Android software. Unaudited October-December net profit was T$1 billion ($34. . . .
View full post on Tech News Headlines – Yahoo! News
Leave a Reply