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HTC has posted its financial results for Q4 2012. Before revealing the extent of HTC’s fall from glory, it is worth pointing out that the company has made a profit, in fact it has made a profit which a lot of companies would dearly love to see, we are talking profits in the millions of dollars. Not revenue, but profit… millions of dollars of profit.

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HTC’s CEO, Peter Chou, told reporters at a press event in Tokyo that he’s absolutely furious with how the media handled the news of their agreement with Apple. Shortly after the deal between the two companies was announced, rumors started circulating that HTC would have to pay Apple anywhere between $6 and $8 per Android handset shipped. Chou says those numbers are “outrageous” and that the rumors are “baseless”.

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In an e-mail sent to the whole company, HTC’s CEO urges everyone to eliminate bureaucracy because it’s slowing them down, and making them uncompetitive. The CEO asks employees to focus more on innovation to escape these short term challenges.