HTC Earnings Pounded By Apple And Samsung

24/7 Wall St.

HTC simply cannot keep up with its major competitor in Google Inc. (NASDAQ: GOOG) Android-powered phones — Samsung — and Apple Inc.’s (NASDAQ: AAPL) iPhone. Samsung is now the world’s largest handset company. Its Galaxy S III smartphone has been a smashing success.

HTC lowered its guidance after missing analysts’ expectations and reporting a 27% drop in revenues and a 57% drop in operating profits.

Douglas A. McIntyre

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