HTC Posts A 70% Profit Drop

home house housing hurricane disaster tornado wreck mess

Smartphone manufacturer HTC has posted a 70% profit drop amidst serious competition, reports the AP.

Revenue is down 35% from last year to $2.3 billion, and the company only made $152 million in profit on that.

The company is currently marketing the “HTC One,” which it hopes will help get the company back on track to stay competitive with Apple and Samsung.

“We simply dropped the ball on products in the fourth quarter,” said CFO Winston Yung.

NOW WATCH: Tech Insider videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.


Tagged In

htc sai-us