Feeds

HTC profits slump but Kim Jong Un's a fan

Quietly despotic?

The essential guide to IT transformation

Taiwanese smartphone maker HTC's profits slumped 91 per cent in the last quarter, but the firm received an unlikely endorsement after North Korean leader Kim Jong Un was apparently seen using one of its devices.

The company has spent most of 2012 fighting arch rival Apple in court and trying to streamline its operations.

Its financials announced on Monday revealed a 91 per cent fall in net profit in Q4 from a year ago to NT$600m (£12.9m), with revenues down 40 per cent to NT$60bn (£1.3bn).

The firm also predicted revenue for the first quarter 2013 could be as low as NT$50bn (£1.1bn) – a slide of 17 per cent from Q4 2012.

However, a picture obtained by the Korean Central News Agency apparently shows at least one world leader is on HTC’s side.

North Korean despot Kim Jong Un was photographed at a recent meeting with what appears to be a black Desire smartphone, probably bought in China.

It’s thought that HTC may have been chosen by the Supreme Leader in preference to endorsing a US company (Apple) or appearing with a Samsung device from South Korea – a country with which North Korea is still technically at war.

North Korea’s 3G network, Koryonet, was launched in 2008 with the help of Egyptian operator Orascom. Although reports suggest many locals do have devices, internet access and international calls are prohibited and widespread monitoring of calls and texts is suspected.

For HTC, it’s probably not the kind of publicity it was hoping for as the firm aims to turn its fortunes around in 2013.

Ironically the smartphone maker left Korea last year in a bid to “streamline operations”.

The firm has grown its business significantly in China – shipments there jumped nearly 400 per cent in Q2 2012, for example. HTC has also said it will offer sub-1999 yuan (£203) devices in a bid to tap the huge appetite for smartphones at the lower end in China as well as renewing a focus on emerging markets. ®

5 things you didn’t know about cloud backup

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?