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Samsung's record pressures rivals as HTC posts loss

Bloomberg  |  Seoul/ Hong Kong 

Samsung Electronics Co's strategy of selling smartphones at every price point spurred record earnings at Asia's biggest technology company and helped push Taiwanese competitor HTC Corp to its first-ever quarterly loss. Samsung's third-quarter operating profit rose to about 10.1 trillion won ($9.4 billion), beating analyst estimates, on sales of cheaper handsets in emerging markets. HTC posted a net loss of NT$2.97 billion ($101 million) in the same period as its global smartphone market share plunged by more than half. While HTC has focused a revival on its flagship One ...

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First Published: Sat, October 05 2013. 21:02 IST