HTC is famous for quickly rolling out one smartphone after the other, and the Taiwanese company often unveils a handful of flagship devices each and every year. But high-end handsets made by HTC could soon become a rarity. The company is reportedly set to switch its focus to cheaper smartphones for emerging markets as it loses more ground to Apple and Samsung.
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LG has today announced its financial results for the fourth quarter of 2012, during which the South Korean company sold 15.4 million cellphones and saw a 2% increase in sales and revenue of $2.58 billion. 8.6 million of those devices were Android-powered handsets, with “premium LTE smartphones” like the Optimus G and the Optimus Vu 2 leading the way.
Samsung has today announced its financial results for the fourth quarter of 2012, which slightly exceed the estimations that were set by the Korean company earlier this month. It recorded an operating profit of 8.84 trillion won (approx. $8.27 billion) during the three-month period, on 56.06 trillion won (approx. $54.45 billion) in revenue. That’s a 10% increase in profit over the previous quarter, and a whopping 89.3% increase in profit over the fourth quarter of 2011.
Verizon has today announced its financial results for the fourth quarter of 2012, which has been its best yet in terms of subscriber growth. The company added 2.1 million new customers during the three-month period, bringing its total number of subscribers up to 98.2 million, with 58% of those customers using a smartphone.
A day after AT&T announced its “best-ever” quarter for smartphone sales, rival operator Verizon Wireless is doing exactly the same thing. The carrier has announced that it expects to have reached a record 9.8 million sales during the fourth quarter of 2012, and it’s attributing that success to the popularity of the iPhone.
Taiwanese smartphone manufacturer HTC failed to meet analysts’ estimates during the fourth quarter of 2012, posting an operating income that of just NT$600 million ($21 million). The average estimate from 20 industry analysts was NT$1.11 billion, according to Bloomberg — that’s almost double the figure HTC actually achieved.