Taiwanese smartphone manufacturer HTC has announced its first ever drop of nearly 26%. Taiwanase firm released its disappointing financial figures for last quarter of 2011 with net income after tax of New Taiwan (NT) $11.02mn. By comparison in the same quarter in 2010 it recorded net income of NT$14.8mn, a drop of 25.5 per cent. Moreover In Q4 HTC revenue declined by 2.5%, reporting at NT$101.42mn compared to NT$104.01mn in 2010. November was most affected month for HTC, which saw year on year revenue fell much as 19.6 per cent.
Furthermore HTC was quick note that year on year growth for January to November was up by 78.9 per cent with NT$439.4mn in revenue.”We will focus on the product next year, better and more competitive,” Yung said. “Other than new LTE phones for the U.S. market, we also have phones for the global market. We will launch some worldwide flagship products. We’re confident in them.”