HTC sales slow down, profits suffer

Htc-logoIt looks like the manufacturer of our beloved line of EVO devices – HTC – has finally found itself in a bit of a slump. This is due to a slower fourth quarter of sales that brought unaudited Q4 revenue down 2.49% from Q4 2010. This translates in an unaudited operating income of around $430 million, which is a whopping 22% decline based on figures from the previous year.

So who are the main culprits? Most analysts believe that increased competition from both Apple's iPhone and Samsung's line of Galaxy devices are mainly to blame. Additionally, I wouldn't be surprised in HTC happened to invest a little too much into their relatively new Android tablet business – as you can recall, the HTC EVO View 4G only recently gained a bit of popularity, but that was only after some pretty dramatic price cuts which, obviously, cut into HTC's profits.

It will certainly be interesting to see what HTC has up their sleeves for CES next week, as well as Mobile World Congress in March. There are still no hints at what the next EVO might look like, but we all certainly have our own wish lists. Here's to hoping that HTC can beat this downturn and bring us something awesome soon!

[Engadget]
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John F

John was the editor-in-chief at Pocketables. His articles generally focus on all things Google, including Chrome and Android, although his love of new gadgets and technology doesn't stop there. His current arsenal includes the Nexus 6 by Motorola, the 2013 Nexus 7 by ASUS, the Nexus 9 by HTC, the LG G Watch, and the Chromebook Pixel, among others.