Egypt's Al-Mashat, IMF mission discuss reforms, external financing    Suez Canal Authority urges Maersk to resume transits amid improved Red Sea security    EGAS, Harbour Energy expand partnership to boost gas exploration at Disouq Field    Gaza bleeds: Israeli escalation undermines truce talks amid deepening humanitarian catastrophe    Al-Sisi pushes for accelerated health, education reforms, AI integration    Danish minister calls US talk of controlling Greenland "not a serious discussion    Trump meets Syrian counterpart in Riyadh, urges normalisation with Israel    Qatar signs $200b Boeing deal during Trump visit    Asian markets rally on easing trade frictions    Egypt steps up biosphere, geopark plans with UNESCO    Egypt voices deep concern over military clashes in Libya's Tripoli    Egypt signs protocol to boost health research, patient safety    Egypt discusses education system enhancement with World Bank    Egypt's El-Khatib seeks to deepen economic ties with Russia    EU to raise tariffs on Ukrainian imports starting June 6    EGP edges lower against USD in Wednesday's early market    Egypt unveils national strategy to boost patient safety, healthcare quality    Flowers as a Form of Communication: Why It Still Matters to Give the Living    Empower Her Art Forum Returns for Third Edition at Grand Egyptian Museum    Egypt hosts 170 pharmaceutical factories, 11 with international accreditation: EDA    Third "Empower Her Art Forum" to launch at Grand Egyptian Museum    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



HTC Profit Reaches the Bottom
Amwal Al Ghad Published in Amwal Al Ghad on 07 - 04 - 2012

HTC -Asia's second-largest Smartphone maker- posted its biggest drop in profit since listing a decade ago after sales declined amid competition from Apple and Samsung.
First-quarter net income was NT$4.46 billion, Taiwan-based company said in a statement on its website yesterday, a 70 per cent drop from a year earlier.
HTC "dropped the ball" on new products during the fourth quarter, Chief Financial Officer Winston Yung said in February, pushing inventories higher and prompting the company to forecast a "transitional" first quarter, as Bloomberg stated.
"HTC's sales growth for 2012 from a low base should exceed those for major competitors Apple and Samsung," Dale Gai at Barclays said.

Clic here to read the story from its source.