5 Companies That Dropped The Ball This Week

HTC's Woes Continue As Q1 Profit, Revenue Plummet

HTC, which a couple of years ago was riding high on the hog with booming Android smartphone sales, continues to have its lunch eaten by the likes of Apple and Samsung. HTC's first-quarter profit dropped 98 percent and revenue fell 37 percent, and the company said part of that was due to delayed shipments of its HTC One smartphone. HTC says its second quarter is looking better, but there is a lot of negative momentum here that will have to be dealt with first.

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