HTC Q4 profit, sales plunge amid holiday crush

The Droid DNA didn't help HTC's results in the fourth quarter.

(Credit: Sarah Tew/CNET)

LAS VEGAS--Apparently, the worst isn't over for HTC.

The Taiwanese company reported that its fourth-quarter profit fell more than 90 percent to 1 billion Taiwanese dollars ($34 million) from more than 10 billion Taiwanese dollars a year ago. Sales fell roughly 40 percent to 60 billion Taiwanese dollars.

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The poor results mark the lowest profit in eight years for HTC, according to ... [Read more]





by Roger Cheng via CNET