HTC Profit Falls 26 Percent Amid Stiffer Competition

HTC Corp. reported its first quarterly earnings decline in two years, as the Taiwan handset maker faced intensifying competition and slower demand for smartphones in a shaky global economy.

The company, which grabbed market share in the U.S. and Europe through its early adoption of Google Inc.’s Android platform for mobile phones, is being challenged in those key markets by Samsung Electronics Co., Apple Inc., Nokia Corp. and Motorola Mobility Holdings Inc., all of which have quickly expanded their premium smartphone offerings.

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