HTC slumps to lowest profit since 2004 despite flagship phone launches

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HTC has failed to turn its fortunes around in Q4 2012, posting its lowest profit since 2004 — just NT$ 1 billion ($ 34.5 million US) net income off NT $ 60 billion ($ 2687 billion income). The company’s finances were slightly better than analyst expectations, but nonetheless represent a $ 99 million drop from Q3’s already unhealthy $ 133 million profit, and an enormous $ 322 million drop year-over-year. The poor results came despite the Taiwanese manufacturer releasing the 5-inch 1080p Droid DNA Android smartphone and a pair of Windows Phone devices, the heavily-marketed flagship8X and budget 8S. CEO Peter Chou believes that “the worst for HTC has probably passed,” adding that the company would raise its marketing budget considerably in an…

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