HTC's fourth-quarter profit shrank by 25%

Taiwanese company HTC has reported on the financial results of the 4th quarter of 2011. The financial results for the Taiwanese manufacturer were not so comforting. In the fourth quarter, the company's profit declined by 25 percent compared with the previous quarter. In monetary terms, HTC’s profit in the fourth quarter shrank from $ 455 million to $ 364 million.

Most analysts predict that in the first quarter of 2012 the situation will not improve and the decline will continue. The position of the Taiwanese manufacturer can be saved only by smartphones supporting the 4G LTE standard, but according to preliminary information, they will not appear on the market before the second quarter of 2012. The reasons for the recession are, as well as competition from Samsung, and the wide range of HTC. According to Carolina Milanesi (Carolina Milanesi), vice president of research for Gartner, due to the large number of models, HTC smartphones compete with each other.

Source: Electronista.com

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