HTC is stinging from a less than impressive quarterly performance that's partially the result of a successful iPhone 4S campaign by Apple, according to an AP report. The Taiwanese handset manufacturer reported a 70 percent drop in profit and a 35 percent decrease in revenue year over year. Though it expects to do better in the current quarter with its flagship HTC One series, CEO Peter Chou says its biggest challenge is the iPhone 4S, which dominates on the US carriers.
Thus far, US carriers have sold or activated 7.5 million iPhones in the just ending quarter. Verizon Wireless reported that it sold 3.
