HTC admits defeat to the iPhone, says they can't beat Apple in the US

HTC: The iPhone has won, we can't beat Apple in America.

@anthony256
Published Thu, Apr 26 2012 8:27 PM CDT   |   Updated Tue, Nov 3 2020 12:28 PM CST

Apple had an amazing, record-breaking quarter and tech sites across the world were grinning whilst posting this news. It was amazing, and huge. HTC also announced its own figures, but didn't get anywhere near the same press.

HTC admits defeat to the iPhone, says they can't beat Apple in the US | TweakTown.com

HTC reported a massive 70-percent drop in profits, taking in just $151.5 million during the quarter. The blame? HTC says its the iPhone 4S. HTC Chief Executive Peter Chou has specifically singled out the iPhone 4S for HTC's crappy financial results during an analyst call two days ago. Chou remained confident that HTC had better times ahead of them, but he was also razor sharp when saying that there's no chance HTC will see a return to the times when they took 50-percent of their revenue from the US. Chou adds:

A major challenge we faced last year was the big drop in sales in the U.S. because of competition from the iPhone 4S.

If we compare the $151.5 million HTC made in that quarter, to the smartphone they blame for their dismal drop in profits, the iPhone 4S, it's quite the kick in the teeth for HTC. Apple's iPhone 4S let Apple make over $11.6 billion during the same quarter. $151.5 million to $11.6 billion is quite the jump. HTC does have hope though, hope that their family of One smartphones will help turn the company around. Chou is also optimistic that China will help make up the lost revenue from the US.

NEWS SOURCE:cultofmac.com

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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