HTC profits fall to record low

Mobile phone group HTC reported a record-low quarterly profit yesterday that missed analysts’ estimates after it delayed the full launch of its 2013 flagship smartphone model, which will now debut against Samsung’s newest Galaxy. HTC said its unaudited net profit was T$85m (£1.9m) in its January-March first quarter, compared with T$1bn in the prior quarter and T$10.9bn in the same period last year.