“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,” Clare Jim reports for Reuters.
“Unaudited October-December net profit was T$1 billion ($34.48 million), the world’s fifth-largest smartphone maker said on Monday, down from T$11.02 billion in the same period a year earlier and T$3.9 billion in the previous quarter,” Jim reports. “Analysts said 2013 may not be a turnaround year for HTC as its marketing and brand image lag far behind Apple and Samsung.”
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