HTCís Q1 2012 unaudited results are in (pdf) and they donít make pleasant reading. The company has revealed that its profits have slumped a massive 70 percent year-over-year on revenues down 35 percent. The result continues a downward trend that started in the second half of 2011 as the once leading Android smartphone vendor bled sales, the largely due to the popularity of Samsungís 2011 Galaxy line-up.
