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htc to shut down its oficce in korea

Discussion in 'Tech, Gadgets & Science Forum' started by nurbert, Jul 30, 2012.

  1. nurbert

    nurbert JF-Expert Member

    Jul 30, 2012
    Joined: Feb 26, 2012
    Messages: 1,925
    Likes Received: 36
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    HTC will be shutting down its
    office in South Korea, reports
    The Next Web.
    The reason for this is reportedly
    due to HTC's inability to compete
    with Korean companies like
    Samsung and even LG on their
    home ground, where sales of
    HTC devices are reportedly
    “sluggish”. Apple is the only
    other non-native company that
    has done well in this market.
    This does not bode well for HTC,
    who is also losing ground to
    Samsung in other market. HTC
    barely managed to scrape a
    profit in the second quarter. On
    the other hand, Samsung is
    growing from strengths and
    managed to achieve an
    impressive $5.9 billion in
    operating profits, overshadowed
    only by Apple in the mobile
    We'll see how HTC performed in
    the third quarter when they
    release their quarterly report.
    Hopefully, the One series of
    smartphones would have helped
    bolster the company's sales and
    profit figures.