Struggling Taiwanese manufacturer HTC has reported another disappointing quarterly loss as they recorded a worse than expected fourth-quarter profit despite all their efforts.
The company reported net profit of T$0.3 billion ($10 million), compared to a net loss of T$2.97 billion ($99.9 million) in the previous quarter and profit of T$1.01 billion ($34 million) in the same quarter of 2012. HTC has lost nearly three-quarter of its market value in the last two years, and is now only worth about $4 billion.
Despite the HTC One’s success, the company’s global share in the smartphone market has declined to 2.2% in 2013 from 10.3% in 2011, according to the research data from from Gartner show.
HTC is currently busy working on the successor of the HTC One, which we expect to see in second quarter of this year.
It really isn’t HTC’s fault, as it’s more of a ‘which brand do the consumers trust most’ kind of issue. They just can’t gain the same reputation as Apple and Samsung did even after several productive years in the Android smartphone market.
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