Taiwan's HTC second quarter profit falls 58%

Taiwan's top smartphone maker HTC said Friday net profit in the three months to June fell 58 percent from a year earlier due to slowing global demand.

Net profit in the second quarter came in at Tw$7.4 billion ($247 million), compared with Tw$17.52 billion a year ago but up from Tw$4.46 billion in the 2012 first quarter, the company said.

Revenue in the period fell 27 percent to Tw$91.0 billion year-on-year, lower than the company's forecast of Tw$105.0 billion although it was an increase of 34 percent from the first quarter.

HTC sells its own smartphones and also makes handsets for a number of leading US companies, including supplying Google's Nexus One.

The company has recently unveiled a new series of smartphones as it faces stiff competition with US technology giant Apple and South Korea's Samsung.

Editor’s note:Yahoo Philippines encourages responsible comments that add dimension to the discussion. No bashing or hate speech, please. You can express your opinion without slamming others or making derogatory remarks.

  • Viernes Santo in Kalibo VERA Files - The Inbox
    Viernes Santo in Kalibo

    Photos by Little Wing Luna, VERA Files Text by Mitch Meñez Kalibo, Aklan--Viernes Santo or Good Friday is the most solemn of all the days in Holy Week. It commemorates the Passion and Death of Jesus on the Cross. The … Continue reading → …

  • Hugas Dugo VERA Files - The Inbox
    Hugas Dugo

    Text by Kimmy Baraoidan, VERA Files Photos by Chris Quintana and Kimmy Baraoidan Pakil, Laguna--In the small town of Pakil, Laguna resides a group of men who call themselves Hugas Dugo. Most members of the group are residents of the … Continue reading → …

  • Lenten procession more than just a spectacle VERA Files - The Inbox

    Text and photos by Kiersnerr Gerwin Tacadena, VERA Files Baliuag, Bulacan--This town is hosting what could be the country’s biggest Lenten procession consisting of more than 100 religious statues riding on carriages or carrozas. But concerns are being raised that … Continue reading → …

Poll Choice Options