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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 …

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HTC One delays plunge HTC to record low profit

Disastrous delays to the HTC One have seen HTC plummet to its lowest profits ever. Taiwan company High Tech Computers made 85m New Taiwan dollars (£1.8m) profit in the first three months of the year amid crippling delays to the flagship One phone. That’s a jaw-dropping plummet from NT$1bn (£22m) profit at the end of last year. And this cliff-jumping …

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