HTC record low profits due to late launch

09/04/2013

HTC Record Low Profits Due To Late Launch

Mobile phone company HTC has recorded some of its lowest profits ever after its handset, the One, saw a delayed release.

The smartphone is undoubtedly one of the best of its kind on the market, but the company was unable to recover from a number of production problems.

Financial results from the company in the last three months are the lowest it has ever recorded.

Due to be available in 80 countries by the end of March, it was supposed to be well ahead of rival Samsung and its Galaxy S4. Unfortunately it is only available in three at the moment and most countries saw a delay from the original release date promised.

Although all the hype is now surrounding the HTC First and Facebook Home, the firm is still suffering after a 98 per cent drop, making it the lowest the company have recorded since they started releasing profit information in 2004.

The delayed release was due to problems sourcing the camera parts, according to the company.

Posted by Claire Marshall

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