HTC profits plummet after HTC One delay

HTC appears to have suffered greatly due to the launch delay of its flagship HTC One smartphone in most of the world. The product was supposed to be available in late March worldwide but only became available in the UK, Taiwan and Germany by the end of that month, due to component delays.

Today, Reuters reports that HTC reported a profit of just $2.85 million for the first quarter of 2013. It was the lowest profit ever for the Taiwan-based company that makes both Android and Windows Phone-based smartphones. The numbers were 99 percent lower than the profits HTC recorded for the same period a year ago.

The HTC One is expected to go on sale in the US later in April. AT&T is also expected to start selling the HTC First on Friday. It's an Android smartphone made specially to run Facebook Home, the recently announced series of apps that turn an Android smartphone into more of a Facebook-based experience.

HTC launched the Windows Phone 8X and 8S devices in late 2012, although the 8X was the only one sold in the US. HTC is rumored to launch a new Windows Phone 8 device, the HTC Tiara, later this spring.

Source: Reuters

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