HTC profit drops 25% in Q4January 7, 2012 - 14:36 AMT PanARMENIAN.Net - Taiwanese smartphone maker HTC has reported a 25% fall in fourth-quarter profit, as its models struggled to compete with those of its rivals. Net profit dropped to 11bln Taiwan dollars ($364mln) in the three months to December, from 14.8bln dollars in the same period a year earlier. Sales for December fell 20.3% from a year ago to 26.3bln Taiwan dollars. In October the firm said it expected lower revenues in the fourth quarter due to "uncertainties from new models". But its latest update also revealed that net profit for the whole of 2011 rose 57% to 62bn Taiwan dollars. HTC is the world's number four smartphone maker, behind Samsung, Apple and Nokia. Rival Samsung said on Friday, Jan 6 that it expected operating profits in the fourth quarter to jump 73%, thanks largely to record smartphone sales, BBC news reported. 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 | 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. |