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HTC 1Q Profit Drops 30%

By Wireless Week staff | April 7, 2009

Smartphone maker HTC reported a 30 percent drop in its first-quarter net profit compared with last year’s first quarter.

The Taiwanese company, the manufacturer behind the G1 phone, said revenue dropped 3.4 percent in the first quarter, mainly because of certain new product shipment delays. The company maintains its view of double-digit growth this year.

HTC Chief Executive Peter Chou told The Wall Street Journal the smartphone market is picking up again this quarter.

More FirstNews 04/07/09:

•  MetroPCS Reports 1.5M Total 1Q Additions
•  Clearwire Signs Multi-Year Contract with Amdocs

•  Tapulous Tops ComScore Survey of Apple App Store 

•  HTC 1Q Profit Drops 30%
•  Motorola Expects $229M in Pretax 1Q Charges
•  Wireless & Healthcare Continue Collaboration
•  Sun Unmoored as Acquisition Talks Hit Standstill
•  FirstNews Briefs for April 07, 2009

 

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