Competition drives HTC's third quarter net profit to fall 18%
The Taiwan based company didn't state a reason to the decline in earnings, but analysts suspect HTC's spending on marketing pushed down prices. We're pretty sure that everyone has probably had their fill of HTC devices the last few months. We can list a number of devices being released so soon from one another – Touch Pro2, Ozone, Snap, Pure, Hero, myTouch 3G, and more. Companies are rushing out new product which in turn spurs more price competition and lowering margins. HTC is also no longer the only name on the block to launch Android handsets – Motorola is making a big push of late. Back in late July, HTC has stated that they expect full-year revenues to fall by a low to mid single digit percentage.
via Total Telecom