Samsung isn’t alone: HTC profits take a huge dive

Troubled smartphone vendor HTC has released its latest unaudited quarterly results, and they’re not good – profits are down 83 per cent when compared with the same period last year.

n the second quarter of 2013, HTC reported profits of 1.25 billion New Taiwan dollars ($41.6 million), down from NT$7.40 billion the year before and well below analysts’ pessimistic expectations. Revenues fell 22 per cent to NT$70.7 billion ($2.33bn) and HTC’s shares fell on late trading after the figures were released.

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