“Taiwan smartphone maker HTC Corp. reported a 70 percent drop in first quarter profit as it faces keener competition from Apple Inc. and Samsung Electronics Co.,” The Associated press reports.
“HTC said Tuesday that profit amounted to 4.5 billion New Taiwan dollars ($152 million) from revenue of NT$68 billion in the three months through March,” AP reports. “Revenue was down 35 percent from a year earlier.”
AP reports, “HTC chief executive Peter Chou said the company’s biggest challenge has come from Apple’s iPhone 4S launch that took up the lion’s share of leading U.S. mobile operators’ handset purchases.”
Read more in the full article here.
MacDailyNews Take: The chickens are a-roostin’!
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That’s like blaming a better consultant if I don’t get a gig. It’s their fault?
The unmentioned irony is that “the iPhone 4S is not a significant upgrade from the iPhone 4” and yet by their own admission it’s killing HTC’s sales.
Wow. To put it into perspective that’s about one day of profit for Apple…
But, just you wait! The HTC Stupidous (sic) will come out and blow the 4S out of the water. Then next week will be the HTC Incredulous, followed by the Improbable, then the… oh, and then just wait for next month’s lineup!
so sad
I smell collusion, better get DOJ on it pronto!
Why? Did HTC have a monopoly the DOJ needs to protect?
😉
Soon, there will be no further need for patent infringement suits involving HTC.