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HTC quarterly profits plunge 25%

January 17, 2012 By: Dr Search Principal Consultant at the Search Clinic Category: Ecommerce, mobile phones, smart phones, Technology Companies, Uncategorized

HTC’s new smartphone Raider 4G HTC is the world’s number four smartphone maker.HTC quarterly profits plunge 25%Taiwanese smartphone maker HTC has reported a 25% fall in fourth quarter profit, as its models struggled to compete with those of its rivals.

Net profit dropped to 11bn Taiwan dollars (£235 million) in the three months to December, from 14.8 billion dollars in the same period a year earlier.

Sales for December fell 20.3% from a year ago to 26.3 billion Taiwan dollars.

In October the firm said it expected lower revenues in the fourth quarter due to “uncertainties from new models”.

But its latest update also revealed that net profit for the whole of 2011 rose 57% to 62 billion Taiwan dollars.

HTC is the world’s number four smartphone maker, behind Samsung, Apple and Nokia.

Many of the world’s technology companies have also been hit by the recent floods in Thailand- which knocked the global supply chains of may manufacturers.

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