Asia’s second-largest smartphone maker, HTC Corp., reported its first decline in quarterly profit in two years as competition from competing models from Apple (NASDAQ:AAPL) and Samsung cut down demand for its products. The firm’s Q4 net income fell 26% to $364 million (USD), the Taiwan-based firm said today. Analysts expect the company’s revenues and shipments would see further declines this quarter as the company lowered its top line outlook in the last three months of 2011.
