HTC suffers 79% crash in quarterly profits

HTC’s share of the global smartphone market by shipments fell to 5.8% in the second quarter from 10.7% a year earlier, according to Bloomberg.

via HTC suffers 79% crash in quarterly profits | Technology | guardian.co.uk.

HTC has seen falling average selling prices for its phones as it has tried to break into the fast-growing Chinese market. Approximately 30% of shipments go to China but price pressures mean they account for only 20% of revenues.