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HTC sees profit collapse to 2004-levels

Posted on Monday, January 07 2013 @ 11:40:45 CET by

HTC logo
Taiwanese smartphone maker has lost its mojo, the company has been losing a lot of marketshare over the past years and while the company still managed to turn a profit, its fourth-quarter net income was the lowest since 2004.
Fourth-quarter operating income for the period was NT$600 million ($21 million), compared with the NT$1.11 billion average of 20 analyst estimates compiled by Bloomberg. Net income was NT$1 billion, the Taoyuan, Taiwan-based company said in a statement today. That’s the lowest since 2004 and less than the NT$10.9 billion it posted a year earlier.

Apple Inc. (AAPL)’s iPhone 5 and new Galaxy models from Samsung Electronics Co. (005930) took market share away from HTC, which lacked new offerings for most of the quarter. HTC’s stock dropped 40 percent last year and the company replaced its chief marketing officer after its global share in smartphones dropped by more than half.
Further details Bloomberg.



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