HTC profit falls 26% in Q4'11
HTC has announced its un-audited fourth-quarter figures today and for the first time in last two years, company has seen a down-fall. Its net profit fell by 26% to NT$ 11.02 billion (US$365 million) from NT$14.80 billion a year earlier; along with the revenue, which also fell by 2.5% to NT$101.42 billion from NT$104.01 billion.
Taiwanese manufacturer is facing stiff competition from all sides and did not really had any inspiring products in the last quarter. However all is not lost, according to reports, company has already gone back to drawing board and is expected to release some nice products at Mobile World Congress.
“The market has already expected HTC to report weak handset shipments in the first quarter as it is always a low season after strong holiday sales in the fourth quarter. Investors are more eager to know how HTC will tap into the relatively resilient emerging markets this year when European markets are going to remain weak.”
– Aaron Jeng, an analyst at Nomura told WSJ.