Taiwan smartphone maker HTC Corp. reported a 70 percent drop in
first quarter profit as it faces keener competition from Apple
Inc. and Samsung Electronics Co. HTC said Tuesday that profit
amounted to 4.5 billion New Taiwan dollars ($152 million) from
revenue of NT$68 billion in the three months through March.
Revenue was down 35 percent from a year earlier. […]
HTC chief executive Peter Chou said the company’s biggest
challenge has come from Apple’s iPhone 4S launch that took up the
lion’s share of leading U.S. mobile operators’ handset purchases.
Man, imagine how much trouble HTC would be in if the iPhone 4S weren’t such a disappointment.