HTC profit drops in record fashion as Apple, Samsung grab sales

“HTC Corp. (2498), Asia’s second-largest smartphone maker, dropped the most in three months in Taipei trading after quarterly profit fell by a record as competition from Samsung Electronics Co. and Apple Inc. (AAPL) drove down sales,” Tim Culpan reports for Bloomberg.

“HTC declined by the 7 percent daily limit to NT$267 as of 10:24 a.m., headed for the biggest loss since July 5. The stock has lost 46 percent this year, lagging behind a 7.7 percent advance for Taiwan’s benchmark Taiex (TWSE) index,” Culpan reports. “Third-quarter net income dropped to NT$3.9 billion ($133 million), the Taoyuan, Taiwan-based company said in a statement yesterday. That was a 79 percent decline from a year earlier and missed the NT$4.43 billion average of eight analysts’ estimates compiled by Bloomberg in the last 28 days.”

Culpan reports, “Apple sold 5 million units of its iPhone 5 in the first weekend after sales commenced in nine countries on Sept. 21, it said at the time. The Cupertino, California-based company began selling the device in 22 more countries on Sept. 28.”

Read more in the full article here.

Related articles:
Researchers discover serious flaw in Android app security, say HTC and Samsung ignore issue – September 28, 2012
HTC’s next tablet won’t look like an Apple iPad; it looks like an iMac instead – August 29, 2012
Taiwan official urges support for HTC over Apple and Samsung – August 14, 2012

8 Comments

  1. Apple crushes them, takes their business, earns a greater profit and can’t make enough for months of the devices to cover the customer’s insatiable desire for Apple’s product, so they push Apple’s stock value down again. I am tired of the idiot opinions and comments about how Apple should be worried about these knockoff hustlers.

    Sounds like what Apple did to HP, Dell, Microsoft, … I will stick with the winner in the big mobile battle.

  2. Unless you want to stress the crap out of your health, stay up high & long on bleechers and you will do fine. Over the last 3 years, this has become such a joke to listen to analysts. Haas on CNBC came flat out and explained what he was doing, the elastic band effect… and yet nothing happens.

  3. So THIS is the reason that the new HTC one X is only $99 with a two-year contract. Maybe the NEXT android phone will be the iPhone killer we always hear about……………..#Doubt

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