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HTC posts Q1 earnings show decline in revenue and profits, company a huge Q2 improvement

HTC has released its final number for Q1, confirming a drop in revenue to NT$42.8 billion from NT$67.8 billion. Net profit’s took an even bigger hit, dropping to NT$85 million ($2.85 million) from NT$4.5 billion ($152 million) during the same quarter last year. The 98 percent profit drop does not come as a surprise since component shortages…