HTC's fourth-quarter profit $T 0.3 billion

[Wireless News]

http://l3.yimg.com/bt/api/res/1.2/.p0E9AbHwWAFf0ZamnQCyQ--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9NzU7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-01-05T074218Z_1_CBREA040LEN00_RTROPTP_2_CBUSINESS-US-HTC-EARNINGS.JPG (http://news.yahoo.com/htc-39-fourth-quarter-profit-t-0-3-074218972--finance.html)Taiwanese smartphone vendor HTC Corp said on Sunday it made a net profit of T$0.3 billion ($10 million) in the fourth quarter of 2013, missing expectations despite a one-time asset sale and cost cuts to offset years of falling sales amid intense competition. Analysts polled by Thomson Reuters I/B/E/S had expected a net profit of T$721.71 million for a quarter during which the firm that once dominated Taiwan's phone making industry was convulsed by a wave of senior executive departures. The October-December figure compares to a net loss of T$2.97 billion in the previous three months - HTC's first-ever quarterly loss as companies like Samsung Electronics Co Inc and Xiaomi Inc increased their share of the global smartphone market. In the fourth quarter of 2012 it made a net profit of T$1.01 billion.



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