HTC profit drops 91 percent in Q4

Monday 7 January 2013 | 11:48 CET | News
Taiwanese smartphone maker HTC reported a net profit down 91 percent to TWD 1 billion in the fourth quarter of 2012, compared to the year-earlier period. The company's revenue shrank to TWD 60 billion from TWD 101.42 billion in the fourth quarter of 2011. Its operating income was TWD 600 million. In an effort to adjust to fierce competition HTC said it would focus on better marketing and the development of more innovative smartphones, led by a new version of the Butterfly phone it launched at the end of last year.

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Categories: Mobile & Wireless
Companies: HTC
Countries: World
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