While Samsung is currently enjoying a steady flow of cash from its Galaxy smartphone series, Taiwanese tech giant that is HTC is reportedly struggling, with profits expected to drop by as much as 57 percent to $247.7 million this quarter. HTC noted that poor sales in Europe combined with Apple’s injunction spree on its devices are the reasons for the steep decline. But the Taiwanese tech giant is putting its bet on its One series, which includes the well-loved One X Android smartphone, to regain market share lost.
Additionally, HTC Chief Executive Peter Chou reportedly said that the company will be launching new models in the second half of this year. But a few analysts are saying that HTC’s new line of devices will be clouded by the strong sales of Samsung’s Galaxy S3 as well as Apple’s upcoming next-generation iPhone. “HTC’s scale and margin are a lot lower compared to Samsung and Apple. It will see much pressure in the short to medium term,” KGI Securities analyst Richard Ko commented.Related articles: