HTC reported its Q3 financials in October 2011, and posted up profits of $625 million. HTC is expected to be launching some new Tegra quad-core devices soon after href=”http://www.cesweb.org/” rel=”homepage” target=”_blank” title=”Consumer Electronics Show”>CES, perhaps these devices will be able to help HTC turn around.
Consumers are instead opting for the slick line of Samsung Galaxy devices or the href=”http://en.wikipedia.org/wiki/IPhone” rel=”wikipedia” target=”_blank” title=”IPhone”>iPhone. Another reason for the falling profits is a softening global economy according to Bloomberg. Shipments of HTC devices dropped to 10 million units in Q4 2011, and that number is expected to fall to 8.5 million units this quarter.
[via Bloomberg]
