HTC: The iPhone Has Won, We Can’t Beat Apple In America

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HTC admits the iPhone 4S killed its profits in the last quarter.
HTC admits the iPhone 4S killed its profits in the last quarter.

While the vast majority of the world’s tech press was focused on Apple’s record-breaking quarter yesterday, HTC quietly announced its own figures. Unlike Apple, the Taiwanese company reported a huge 70% drop in profits after raking in just $151.5 million during the three-month period. And it says the iPhone 4S is the main reason for its dismal quarter.