HTC profits down for 4th quarter

09/01/2012

HTC Profits Down For 4th Quarter

Smartphone giant HTC Corporation has announced that its profits are down for the 4th quarter of 2011, which could mean less people have been mobile phone recycling recently.

Revenues were totalled at $101.42 billion (£65.63 billion) in their unaudited figures, which would mean a 2.49 per cent decrease when compared to 2010's results.

Net profit for the company fell by 26 per cent year-on-year to $11.02 billion from the $14.8 billion that was seen in 2010.

Although the Desire HD and Sensation phones have been well-received, HTC have not been able to match the sales of the Samsung Galaxy Range. This is the Taiwanese company's first quarterly decline in two years.

Last month it was predicted by Broadband Genie that Samsung could be the UK's favourite brand in 2012 ahead of the likes of Apple and HTC.

App downloads on iPad managed to reach three billion in just a-year-and-a-half, which is far and away ahead of any of the Android tablets, which have managed just 440 million downloads.

Posted by Claire Marshall

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