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HTC profits fall 79%

On Monday HTC posted its lowest quarterly profit since 2006 with a 79% drop from the previous year.  Their third-quarter net profit totaled $133 million. It was $638 million this time last year. What this means to the mobile world is that if these trends continue then HTC will be out of the smartphone industry fairly soon. Or HTC will be bought out by a bigger company.

http://online.wsj.com/article/SB10000872396390444897304578043782276831090.html

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