Smartphone maker HTC posts 70 percent profit drop
The HTC Evo 3D smartphone. Credit: AP, 2011
Taiwan smartphone maker HTC Corp. has reported a 70 percent drop in first quarter profit as it faces keener competition from Apple Inc. and Samsung Electronics Co.
HTC said Friday that profit amounted to 4.5 billion New Taiwan dollars ($152 million) from revenue of NT$68 billion in the three months ending March.
Revenue was down 35 percent from a year earlier.
HTC marketed a series of new model this month, which allow a user to snap four pictures in a second while making videos simultaneously. It hopes the "HTC One" series can help boost revenue in the second quarter.
HTC has grown on the strength of the design of its handsets, based on Google's Android operating system.
'He will be ... coming out of prison in a body bag' Suffolk County Sheriff Errol Toulon Jr. spoke with NewsdayTV's Ken Buffa about what life is like for the Gilgo Beach serial killer Rex Heuermann in jail.
'He will be ... coming out of prison in a body bag' Suffolk County Sheriff Errol Toulon Jr. spoke with NewsdayTV's Ken Buffa about what life is like for the Gilgo Beach serial killer Rex Heuermann in jail.
