Stop us if you’ve heard this one before: A manufacturer specializing in Android handsets unleashes a dizzying torrent of models to confuse customers, then blames a steep drop in net profit on one device sold by a rival.
Reuters is reporting that HTC’s 70 percent fall in net profit in Q1 2012 can only be blamed on one thing: Apple’s iPhone 4S. The Taiwanese handset manufacturer has failed to keep pace with both Apple and rival Android handset maker Samsung, and now the financials have come home to roost.
"A major challenge we faced last year was the big drop in sales in the U.S. because of competition from the iPhone 4S," explained CEO Peter Chou on Tuesday during a briefing with analysts.
As recently as last year, more than 50 percent of HTC’s fortunes came from the United States, where the company has offered a dizzying array of models spread across all four major carriers. A big chunk of Android’s growth spurt can be linked to the success of HTC and Korean rival Samsung, whose Galaxy device line is another thorn in the side of the Taiwan company.
"This is a difficult war; the market will be focusing more and more on HTC's profit and value,
View the Original article
No comments:
Post a Comment