It’s looking to be another bad news quarter for Taiwanese smartphone maker HTC. The company is reporting that its unaudited revenue is down more than 26 percent from last year, and profits are down 83 percent.
The HTC One was supposed to be the solution to the company’s problems, but sales haven’t been enough to stop the company’s sliding profits.
In addition, HTC made a big bet on its partnership with Facebook to make HTC First a hit new product. While official sales numbers haven’t been released, the First doesn’t seem to be selling all that well, it seems like it may be headed the way of the Microsoft Kin.
But that’s not all. According to comScore’s latest smartphone market share numbers, HTC’s chunk of the smartphone market continues to shrink.
This would seem to be part of a greater trend of lower-than-expected financials from Android manufacturers. Samsung is trading down today following revelations that the South Korea-based manufacturer won’t hit analysts’ revenue projections for this quarter.