HTC has announced results showing a significant fall in profits over the past 12 months.
The mobile manufacturer, based in Taiwan, recorded profits after tax of NT$1bn (£21m) for the fourth quarter of 2012, down from almost NT$11bn in the same period in 2011.
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Revenues were also well down, at NT$60bn for the three-month period, compared to NT$101bn the previous year.
An HTC spokeswoman said the company was not releasing a statement to accompany the figures.
The news come as its major smartphone rival, Samsung, prepares to release its financial results, with most analysts expecting a record-breaking quarter.
Both HTC and Samsung are expected to make announcements at this week’s consumer Electronics Show in Las Vegas.