HTC was arguably one of the biggest competitors to Apple’s iPhone in 2010/11, being one of the most popular handset manufacturers to sport Google’s Android OS. Or so we thought, reports just in of HTC’s financial results for the first three months of 2012 show a revenue drop of 34.9% compared with this time last year. As reports cnet.
Full financial details can be downloaded here, and it is not good news for HTC. The company ended last year on a low too with end year results for profits dropping 25% and sales 20.3%.
With HTC’s One Series tipped to top the charts, we can imagine that HTC is pinning all its hopes on it being a huge success. The HTC One X is the daddy of the range with Nvidia’s Tegra 3 CPU and 8-megapixel camera, not to mention the 32GB storage and Android 4.0 Ice Cream Sandwich. The middle smartphone is the HTC One S, we love the design and feel that it is the obvious successor to the popular HTC Desire. HTC One V is the baby of the range, weighing in at a slender 115-grams but still packing a punch.
On the flip-side to HTC’s low results, Samsung are planning a trip to the bank with operating profits thought to double from that of the first three months of 2011. A whopping £2.8 billion with thanks to sales of its smartphone and tablet devices. The result of which has to be down to its highly successful Galaxy S2 and the hotly anticipated Samsung Galaxy S3 will only do to improve its results.
This mirrors the great end of year profits Sammy saw at the end of last year with 73% increase in profits, which must have raised a glass or two of champagne over the holiday period.
What do you think about these results? Is HTC on a downward spiral? Will its One Series save it from this profits slump? Let us know in the comments below.