HTC Has First Profit Drop in Two Years
Bloomberg:
HTC Corp. (2498) , Asia >’s second-largest smartphone maker, posted its first quarterly profit decline in two years as competing models fromApple Inc. (AAPL) and Samsung Electronics Co. damped demand for its handsets. Fourth-quarter net income dropped 26 percent to NT$11 billion ($364 million) from NT$14.8 billion a year earlier, the Taoyuan, Taiwan-based company said in a statement today. The average of 11 analystestimates (2498) compiled by Bloomberg in the past four weeks was for profit of NT$11.6 billion.»>
