Both Samsung and HTC released their Q4 earnings today and the results are no where near similar. Thanks to shipping over 32 million smartphones and a hefty $1.38 billion dollar deal for their hard drive business to Seagate, Samsung’s operating profit jumped an entire 75% to $4.5 billion. While HTC struggled to make a new place for themselves in the smartphone market, they dropped 26% to just $364 million of net income. Samsung seems to have all the right moves lately as back in October they were named the world’s #1 smartphone manufacturer over Apple.
HTC shipped an estimated 10 million smartphones, but are expected to ship an even lower 8.5 million this quarter. Thanks to the stiff competition from Samsung and Apple, HTC needs the ability to find their, “competitive edge” which analysts are projecting may not happen until mid-2012. It is easy to see that these newest numbers somewhat reflect the numbers we posted when we asked our readers which devices they owned. The Rezound was definitely a device HTC might have banked on, but thanks to the Galaxy Nexus, it didn’t see as much success as they might have hoped for.
Via: Bloomberg, Venture Beat