Trade Resources Economy The Net Profit of HTC Was 34 Million Dollars in The Fourth Quarter, Declined 91% Year on Year

The Net Profit of HTC Was 34 Million Dollars in The Fourth Quarter, Declined 91% Year on Year

The fourth quarter of 2011, the net profit of HTC was NT10.9 billion. In contrast, the company's net profit fell about 90% in the previous quarter, marking the worst performance since 2004.

Last quarter, the revenues of HTC was NT 6.0 billion, a decline of 41% year-on-year, lower than the average analyst estimate of NT 605 billion. On October 26 last year, HTC gives the forecast revenue of NT 600 billion, which was the lowest value since the past 11 quarters.

Due to lack of new products, HTC's market share has been impacted by apple and Samsung, especially after the emerging of the iPhone 5 and the new Galaxy phone. However, affected by the success of Butterfly intelligent mobile phone and upcoming of the new flagship model M7, the current stock of HTC was still up 48%, which was higher than the lowest.

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