HTC Profit Slumps as Competition Intensifies
HTC Corp.’s net profit fell for the fifth consecutive quarter to its lowest level since 2006, and analysts expect the first quarter to remain challenging as competition in the smartphone market intensifies.
The Taiwanese smartphone maker, which first started selling HTC-branded phones in 2006 and is now the second-largest vendor of Android devices in the U.S., has recently experienced losses in smartphone market share as rivals Apple Inc. and Samsung Electronics Co. introduced products that were more popular.
