HTC First Quarter Earnings Fall 30 Percent

Eek. The recession (or is it depression?) spares no one huh? Not even one of the biggest and most relevant smartphone makers today can avoid the wrath of a weak economy. HTC just reported their first quarter earnings which revealed that their profits have fallen 30% year-over-year.

Still, HTC managed to beat analyst estimates and put the blame on missed product shipping deadlines. Could the delayed product be the HTC Magic?

[via engadgetmobile]