HTC profit falls by 91 percent
Tuesday, January 8th, 2013 4:26:41 by Farasat Ali
The net profit of the Taiwanese company HTC fell by 91% in the fourth quarter compared with the same period last year, due to competition from Apple’s iPhone and Samsung’s Galaxy range.
The manufacturer has suffered a sharp drop in its value since the second half of 2011, after a fairytale career when he built a strong global brand with phones based on Google’s Android software. Even unaudited
net profit in October-December was 34.48 million dollars.
Analysts said they expect that 2013 will be the year when HTC will give a positive response with more friendly products and improving their brand image which is far behind Apple and Samsung.
The Taiwanese brand expects to launch a flagship model codenamed "M7", earlier this year, according to several analysts citing company sources. The model could be delayed until after March, instead of February
as scheduled.
Short URL: https://www.newspakistan.pk/?p=37039
Posted by Farasat Ali
on Jan 8 2013. Filed under Sci-Tech.
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