Latest in Earnings

Image credit:

HTC's growth streak is over: quarterly revenue down 2.5 per cent, profits even worse

Sharif Sakr
01.06.12
Share
Tweet
Share

Sponsored Links

Difficult times for a company that had grown used to a gleaming record of growth. As predicted after that serious stutter in November sales, HTC's unaudited revenue for Q4 2011 shows a 2.49 percent fall on the same quarter in 2010. Unaudited operating income was just shy of 13 billion Taiwanese dollars (about $430 million), which represents a 22 percent decline on the year before. Prior to this, the company had seen nothing but upward movement after springing out of nowhere a few years ago and delivering us some rather nice handsets, but it looks like competition in the Android sphere (read: Samsung) is starting to make life harder for the Taiwanese manufacturer -- although none of its recent statements betray much in the way of self-reflection.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Share
Tweet
Share

Popular on Engadget

What's coming to Netflix in November: 'The Irishman' and 'Queer Eye'

What's coming to Netflix in November: 'The Irishman' and 'Queer Eye'

View
Google’s new apps are about reining in screen time

Google’s new apps are about reining in screen time

View
CNN is prepping an online news aggregator to counter tech giants

CNN is prepping an online news aggregator to counter tech giants

View
Mitsubishi shows off an oddball hybrid buggy prototype

Mitsubishi shows off an oddball hybrid buggy prototype

View
Watch the first teaser for Netflix's CG 'Ghost in the Shell' series

Watch the first teaser for Netflix's CG 'Ghost in the Shell' series

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr