HTC fourth quarter net lags forecasts with 91 percent fall

A person talks on a mobile phone in front of a HTC advertisement board in TaipeiTAIPEI (Reuters) – Taiwanese smartphone company HTC Corp's net profit in the fourth quarter of 2012 missed forecasts and plunged 91 percent year-on-year as its models continued to be outsold by Apple Inc's iPhone and Samsung Electronics Co Ltd's Galaxy range. The former contract maker has been suffering a sharp decline in its fortunes since the second half of 2011 following a fairytale ride when it built a strong global brand with phones based on Google Inc's Android software. Unaudited October-December net profit was T$ 1 billion ($ 34. …

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