Taiwanese smartphone maker HTC reported a 30 percent drop in first quarter earnings, as the economic crisis continued to take its toll on mobile phone sales. In a statement today, HTC, best known as the phone manufacturer behind the G1, the first Android phone, said its self-assessed net profit for the three months ended March 31, was NT$4.89 billion ($148 million), down from NT$6.94 billion ($210 million) a year earlier. Still, the earnings were ahead of a Reuters poll of 10 analysts, which had forecast NT$4.64 billion ($140 million).
Revenues were down 3.4 percent to NT$31.59 billion ($954 million) in Q1 from NT$32.70 billion ($988 million) a year earlier, missing the company
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