HTC’s Decline Is Samsung’s Gain

Samsung Electronics on Friday posted record fourth-quarter profits, citing high sales of its Android devices, while HTC, another major Android player, reported a drop in profits, its first decline in two years.Samsung, based in Seoul, South Korea, said its profits increased 73 percent compared to 2010’s fourth quarter. It cited record-breaking sales of its smartphones, as well as the sale of its hard drive business to Seagate.HTC, based in Taiwan, said profits decreased 26 percent compared to the year-ago fourth quarter, citing slower sales of its handsets.To read this New York Times report in full, see:

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