HTC Posts Record Profit Drop as Samsung, Apple Grab Sales
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HTC Corp., Asia’s second-largest smartphone maker, dropped the most in three months in Taipei trading after quarterly profit fell by a record as competition from Samsung Electronics Co. and Apple Inc. drove down sales.
HTC declined by the 7 percent daily limit to NT$267 as of 10:24 a.m., headed for the biggest loss since July 5. The stock has lost 46 percent this year, lagging behind a 7.7 percent advance for Taiwan’s benchmark Taiex index.