HTC Profit Hammered as Rivals Grab Further Market Share

HTC phones on display in Taipei, Taiwan, Dec. 14, 2011. Photograph by Ashley Pon/Bloomberg

Is another smartphone icon about to join Research In Motion’s death spiral? Taiwan’s HTC was the first company to make an Android phone and leveraged its head start to become a major brand in the U.S. and other markets. But like the maker of the BlackBerry, HTC is struggling to compete against a double whammy of pressure from Apple and Samsung Electronics at the high end of the market and low-cost Chinese newcomers at the low end.

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