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]