HTC had some bad news in its latest financials for Q4 reporting that its quarterly profits had dipped for the first time in 2-years. HTC reported its Q3 financials in October 2011, and posted up profits of $625 million. HTC is expected to be launching some new Tegra quad-core devices soon after CES, perhaps these devices will be able to help HTC turn around.
HTC Q4 2011 net income dropped 26% to $364 million compared to the same quarter of 2010. Analysts are expecting that profits for HTC will continue to fall even further this quarter; HTC cut its outlook for revenue last quarter. Part of the blame for the declining profits is that HTCs smartphones are being overlooked in the high-end by consumers.
Consumers are instead opting for the slick line of Samsung Galaxy devices or the iPhone. Another reason for the falling profits is a softening global economy according to Bloomberg. Shipments of HTC devices dropped to 10 million units in Q4 2011, and that number is expected to fall to 8.5 million units this quarter.
[via Bloomberg]
Pressure from iPhone?? more like other Android devices…..HTC have failed to release any standout Android devices recently so people opting for other models instead
The title is a lie….. Just going after pageviews
The iPhone market share has been flat for years
choked on apple, sold out by the management team, and backstabbed by samsung, it’s already a miracle that it’s still standing.
Got nothing to do with Apple. HTC has been at the top of its game for years now and there’s only so far you can go as a company before profits slip a little….its how business works. Things will now level out for HTC as being at its peak for three or so years has been a major achievement in itself, but as I said, that’s how business world goes from time to time, nothing to do with Apple in the slightest.