HTC released its fourth-quarter financial report last Friday. The financial report showed that the fourth quarter net profit was lower than expected, down 25.5% year-on-year, the first decline in two years.
Due to the competition between Apple iPhone and Samsung Galaxy, HTC’s fourth-quarter net profit fell 25.5% from the same period of last year to NT$11.02 billion (US$364.62 million), which was lower than the analyst’s previous estimate of NT$13.33 billion. In addition, HTC’s operating income in the fourth quarter was NT$1,141 million (approximately US$3.35 billion), a decrease of 2.49% from the same period of the previous year.
Despite unsatisfactory performance in the fourth quarter, overall HTC net profit increased by 57% from 2010 to reach 62.06 billion NTD.
On the same day, Samsung also released its financial report for the fourth quarter of last year. Due to the sharp increase in sales of Galaxy mobile phones, operating profit was 5.2 trillion won (US$4.5 billion), a year-on-year increase of 73%, a record high.
Due to the competition between Apple iPhone and Samsung Galaxy, HTC’s fourth-quarter net profit fell 25.5% from the same period of last year to NT$11.02 billion (US$364.62 million), which was lower than the analyst’s previous estimate of NT$13.33 billion. In addition, HTC’s operating income in the fourth quarter was NT$1,141 million (approximately US$3.35 billion), a decrease of 2.49% from the same period of the previous year.
Despite unsatisfactory performance in the fourth quarter, overall HTC net profit increased by 57% from 2010 to reach 62.06 billion NTD.
On the same day, Samsung also released its financial report for the fourth quarter of last year. Due to the sharp increase in sales of Galaxy mobile phones, operating profit was 5.2 trillion won (US$4.5 billion), a year-on-year increase of 73%, a record high.
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