The Decline Of HTC Continues
HTC Corp. (2498), Asia’s second-largest smartphone maker, posted its lowest profit in eight years as a lack of new models prompted a loss of market share.
Fourth-quarter net income was NT$1 billion ($34 million), 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, while being higher than the NT$764 million average of 20 analyst estimates compiled by Bloomberg.
Being frank, Bloomberg is being kind here. Even if they had released new device models, I doubt HTC would have been profitable in the last quarter. Its marketshare has halved in a year.