Samsung soars; HTC keeps diving

Published Oct 5, 2013 at 05:00AM / Updated Jan 16, 2014 at 01:54PM

The diverging fortunes of two of the leading smartphone providers in Asia were demonstrated Friday when Samsung Electronics of South Korea predicted better-than-expected quarterly earnings while HTC of Taiwan reported its first loss.

Samsung did not provide an explanation of the drivers of its growth, but analysts said the company was probably benefiting from a recent recovery in the price of memory chips after a fire at a factory owned by a Samsung rival, SK Hynix. Over the past few years, the performance of Samsung has been roughly inverse to that of HTC, whose problems continue to deepen.

— From wire reports

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