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HTC profit dives 26% in Q4 on stalled smartphone sales

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

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.