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HTC posts 91% slump in profits

Photo: ReutersPhoto: Reuters

An HTC Sensation XL smartphone is displayed in a mobile phone shop in Taipei. Taiwanese smartphone company HTC Corp.’s net profit in the fourth quarter of 2012 missed forecasts and plunged 91 per cent year-on-year as its models continued to be outsold by Apple Inc’s iPhone and Samsung Electronics Co. Ltd’s Galaxy range.

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