HTC smartphone profits drop 58% July 7, 2012 - 13:42 AMT PanARMENIAN.Net - Taiwanese smartphone maker HTC has reported a 58% fall in net profit to 7.4bn Taiwanese dollars (US$248m) in the three months ending in June, BBC News said. In June, the group cut its forecast by revenue by 13% and warned it would make lower profits for each handset it sold. Second quarter revenue of 91bn Taiwanese dollars was worse-than-expected. HTC sells most of its phones in Asia's developing economies at the lower, less profitable end of the market. The news came on the same day Korean rival Samsung Electronics posted record second-quarter earnings largely due to the success of its Galaxy smartphone. HTC's chief executive, Peter Chou, hopes the planned launch of new models in the second half of this year will help sales and profits to rebound.   Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020."   Partner news Most popular in the section |  Latest news The Power of One Dram to benefit Road of Life charity  The companies inform that the May beneficiary of The Power of One Dram is the “Road of Life” charitable organization.Kazakhstan welcomes Yerevan, Baku’s agreement to meet in Almaty Kassym-Jomart Tokayev has welcomed the agreement of Baku and Yerevan to hold negotiations in Almaty.Armenia offers to temporarily host, preserve Gaza manuscripts The Armenian Foreign Minister has said Yerevan is ready to help preserve manuscripts from the conflict zone in Gaza.Aliyev says no need for mediators in Armenia-Azerbaijan process Azerbaijani President Ilham Aliyev believes that Baku and Yerevan do not mediators in the process of normalizing relations. |
