Friday, 5 July 2013

The 4.7-inch smart phone hasn't turned things around, as the Taiwanese tech giant made roughly $41.6m after tax, a significant drop compared to last year.

HTC's financial woes aren't getting any easier, with the Taiwanese tech giant revealing an 83 per cent decline in net profit for the April-June period compared with last year.
The phone-maker said it's unaudited net profit for the three months up to 30 June was NT1.25bn, which equates to roughly $41.6m, the Wall Street Journal reports.
While the latest numbers make for grim reading, the results aren't as bad as they were in the first quarter of the year, when HTC made just $2.8m in profit.
HTC continues to struggle in the face of stiff competition from Samsung and Apple, despite the arrival of the HTC One flagship -- which has been well-received by critics and phone-fans alike.
What does HTC need to do to turn things around? Let me know your thoughts in the comments


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