HTC profits smacked by delayed launch of HTC One
The late launch of the HTC One smartphone put a damper on HTC's first-quarter profits.
For the quarter ending in March, net profit plummeted to 85 million Taiwanese dollars ($2.85 million), a fall from 10.9 billion Taiwanese dollars ($363 million) a year ago and the company's lowest quarterly profit since 2004. Results also disappointed analysts polled by Thomson Reuters, who on average were expecting a net profit of 467.5 million Taiwanese dollars ($15.5 million).
Shipments for the new HTC One phone have been delayed due to a limited supply of cameras. Last month, HTC … Read more