HTC reports 25 per cent fall in Q4 profitability

Taiwan’s HTC has reported a 25 per cent decline in its fourth quarter profits to TWD11 billion (US$364 million).

Sales for December alone also fell, by 20.3 per cent to TWD26.3 billion.

The company had previously warned that sales at the end of the year could be lower than earlier forecasts due to "uncertainties from new models".

However, profit for the whole of 2011 rose by 57 per cent to TWD67 billion.