HTC Posts a Record Drop in Quarterly Profit

HTC Corp., Asia’s second-largest smartphone maker, posted a record 79 percent drop in quarterly profit as competition from Samsung Electronics Co. and Apple Inc. drove down sales of the Taiwanese company’s devices.

Apple Pay, UnionPay Said to Reach Deal in China
49:26 - Apple looks to enter China's fiercely competitive mobile payments market. Sources say it struck a deal with UnionPay to introduce Apple Pay to the mainland. Bloomberg's Haidi Lun reports on "First Up." (Source: Bloomberg)
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