January 7, 2013


HTC Income Falls 91% Because Samsung (Not Android) Is Winning

parislemon:

Tim Culpan for Bloomberg on HTC’s most recent quarter:

Fourth-quarter operating income for the period was NT$600 million ($21 million), compared with the NT$1.11 billion average of 20 analyst estimates compiled by Bloomberg. Net income was NT$1 billion, the Taoyuan, Taiwan-based company said in a statement today. That’s the lowest since 2004 and less than the NT$10.9 billion it posted a year earlier.

Not good, But Bloomberg dances around the truly stunning number, Sky News does not:

The Taiwanese firm, whose phones include the Butterfly, said net profit in the fourth quarter of 2012 had missed forecasts and plunged 91% year on year.

Ninety-one percent.

The Android ecosystem isn’t alive and well, the Samsung one is. Expect to hear a lot more out of this story in 2013.

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