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HTC loses faith in its own lineup, predicts gloomy Q4 ahead

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by 1 year ago
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If you think that HTC has hit rock bottom with their disastrous Q3 financial results, the phone maker has more bad news to share. In a recent statement, the company said that its Q4 revenue is set to drop 14% compared to the previous quarter, signaling that it has yet to succeed in weathering the Samsung storm.

T-Mobile USA Q2 financial report reveals bittersweet results

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by 1 year ago
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After several consecutive quarters of significant financial losses, in the last few months T-Mobile seemed to be able to gear away from the road to perdition. The number four carrier in the United States went for a pretty inspired image re-branding, introduced a far more attractive pricing structure for prepaid mobile broadband plans, and even strengthened its high-end phone portfolio with Samsung’s highly successful Galaxy S3. The results? Well, let’s just say they aren’t as bad as others, but they’re clearly bittersweet, at best. According to the latest financial report made public by T-Mo USA earlier today, the carrier’s net income…

HTC loses $1 billion off its market cap in 2 days

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by 1 year ago
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HTC’s financial results haven’t been kind to them lately, and neither has the media. All of HTC’s problems have been documented extensively lately, which, in turn leads to shareholders losing trust in the company’s ability to recover. However, this is the sort of thing a public tech company should expect. Financial dry spells never happen suddenly, even if it may seem so when everything comes crashing down. But the seeds for HTC’s decline were planted a long time ago, at the time when the company started to care more about sales than for its products. This led to HTC churning out…

HTC forecasts another bad quarter, as China remains its last growing market

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by 1 year ago
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To get an idea of how the smartphone business is these days, consider that Samsung is one of the few manufacturers that had positive figures to show to shareholders in the second quarter of 2012. Sony yesterday announced losses, in spite of growing revenues in the mobile business, while LG slipped backed in the red, after the good performance from the first quarter of 2012. Even Apple somehow disappointed investors by missing estimates in Q2 and shipping fewer iPhone than expected. HTC announced a puny $250 million in profit in the second quarter, a massive 57% lower than in the…