As Samsung reported record preliminary results on Friday, rival HTC revealed a sharp drop in profit for the fourth quarter that the company foreshadowed this past November. The Taiwan-based phone vendor reported unaudited operating income of NT$11.02 billion, down 26% from the same quarter a year prior, and down year-over-year for the first time in two years. Fourth-quarter revenue dropped to NT$101.42 billion from NT$104.01 billion in the same quarter 2010, representing a 2.5% slide. HTC has a few new devices set to be unveiled during the Consumer Electronics Show next week, but its bigger announcements are expected to come at Mobile World Congress next month.

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Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.