Mobile

HTC's Finances Keep Getting Worse

HTC is continuing to suffer. Despite the launch of its well-received One X, the latest financial results show that the company’s profits have dropped 79 per cent from last year.

Sadly, it’s the fourth consecutive quarter in which the corporation’s profits have been down, with net profit hitting a low of $US133.2 million compared to last year’s $US636.5 million. With figures that keep dropping, HTC sure is having a rough time of things financially.

While the One X and One S have both been well-received, they’ve struggled to put up a good enough fight against the likes of Apple and Samsung. Whether the striking 8X WinPho handset can rejuvenate the company’s flagging sales remains to be seen. [HTC via Reuters]