HTC was once the top-selling smartphone vendor in the United States. It wasn’t even that long ago. The Taiwan-based vendor reported six consecutive months of record revenue in 2011 before it ran into
a brick wall known as the iPhone 4S. Since then, things have been tumbling downhill for
HTC, culminating in the company’s
worst-ever quarterly performance that saw profits plummet 98% in Q1 2013. Fierce competition from Apple is one reason HTC has seen its profits evaporate over the past year and a half, but another company has likely caused even more trouble for the struggling smartphone vendor: Samsung.
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