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HTC reports painful Q1: Net profit plummets 70 percent, sales drop 35 percent

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HTC released unaudited Q1 2012 sales figures today, and the painful results show the Taiwanese manufacturer is floundering due to heavy competition.

First-quarter revenues pulled $2.3 billion USD, which is a 35-percent drop year-over-year (PDF), while net profit plummeted 70 percent to roughly $148 million USD.

HTC Chief Financial Officer Winston Yung predicted the rough quarter due to increased competition from Samsung and Apple, but he also blamed HTC for the sudden down spiral.

“We simply dropped the ball on products in the fourth quarter,” said Yung said during the Feb. 6 conference call, while noting the Rezound and Vivid handsets did not meet the company’s expectations.


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Which one of Verizon’s three new Android offerings is for you?

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PhanDroid has posted the side-by-side chart above to compare Verizon’s three new Android offerings: the Motorola Droid RAZR, HTC Rezound, and Samsung Galaxy Nexus. As you can see, all three phones are almost dead alike when it comes to specs. The Galaxy Nexus boasts a slightly bigger screen than the Rezound or RAZR, while the Rezound has the speed in-lock with its 1.5 GHz dual core processor. Ugh, the decision is just so hard..

The Galaxy Nexus is lacking when it comes to camera, having a 5-megapixel camera while the other two have 8-megapixel cameras. All three phones do pack Verizon Wireless’s blazing 4G LTE, so network speed won’t make a difference. So which device is for you?

The question is really up in the air right now. We’re currently playing with the RAZR (which lands tomorrow) and Rezound, and will be getting the Galaxy Nexus soon. You can expect our reviews of all three to be up in the coming weeks. At any rate, it really looks like Verizon is dominating as a carrier right now. The carrier is boasting all three of the cutting edge Android phones, along with the iPhone 4S. You definitely know where to shop this holiday.


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HTC Rezound announced on Verizon LTE for $299 on November 14th, featuring Beats Audio and 720p 4.3-inch display

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HTC and Verizon have just announced the rumored HTC Rezound (formerly Vigor) at their event in New York City. The HTC Rezound is available on Verizon for $299 with two year contract, featuring Android 2.3, Verizon LTE, a 720P 4.3-inch display, 1.5-GHz processor, and 1GB of RAM. You can notice the Beats Audio branding on the back of the device, in which headphones are includes. This device is sure to go head-to-head with Samsung’s Nexus Prime. Sadly, the Rezound won’t get Ice Cream Sandwich until early Q1 of 2012.

The HTC Rezound will be available at Best Buy and Verizon for $299 on November 14th.

[youtube=”http://www.youtube.com/watch?v=9CCZuMH5mYs”]

We’ll have a hands-on of the device when the event ends in just a few minutes. In the mean time, check out the press shots of the device after the break:


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HTC sends out invites for unveiling of ‘latest innovation’, teases Beats audio

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HTC just sent out invites for the unveiling of their “latest innovation” slated for November 3rd in NYC. Judging by the Beats by Dr. Dre logo, whatever is announced will most likely benefit from that recently acquired audio tech. Many sources are speculating we’ll get a look at the leaked HTC Rezound  (codenamed HTC Vigor). That device is rumored to have a 1.5 GHz dual-core processor, 4.3-inch 720- HD display, 4G LTE capabilities, an 8-megapixel camera, and 2-megapixel front-facing camera. We’ll have to wait until next Thursday at 5PM EST to find out for sure.

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