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"HTC has reported an 83% year-on-year decline in net profit for the fiscal quarter running between April and June. The smartphone maker&amp;#039;s unaudited net profit for the period in question was 1.25 billion New Taiwan dollars (\u00A327.7 million), down from NT$7.40bn a year earlier, The Wall Street Journal reports.  The figure was some way short of analysts&amp;#039; predictions, but a significant improvement on the previous quarter, during which HTC made just $2.8m (\u00A31.87m) in profit. HTC has lost market share to the likes of Samsung following a period of component shortages and increased competition in the Android sector. The company launched its flagship HTC One smartphone in March to much critical acclaim, but the handset&amp;#039;s sales have not been enough to reverse HTC&amp;#039;s decline. HTC is believed to be working on different size variations of the HTC One, with scaled-down and large-screen models said to be in the works. Watch Digital Spy&amp;#039;s video review of the HTC One below:  "^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.digitalspy.com/tech/android/news/a496092/htc-one-fails-to-resolve-companys-financial-woes/>