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HTC (TPE:2498) Drops Out of Top Five Phone Makers

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The Taiwanese company is struggling in the shadows of Samsung, Nokia, and Apple.

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MINYANVILLE ORIGINGAL The new world order of mobile phones shows that HTC (TPE:2498) has dropped out of the top five. Samsung (PINK:SSNLF), maintained its lead over Nokia (NYSE:NOK) and Apple (NASDAQ:AAPL) as the world's top mobile phone vendor. Sony Ericsson (NYSE:SNE) and Research In Motion (NASDAQ:RIMM) rounded out the top five, which collectively shipped 34.8 million units in the second quarter of the year according to research firm IDC.

HTC has been struggling. Its second-quarter earnings reported a 57% decline in net profit to $247.7 million. Adding to its woes, it lost $40 million when the cloud gaming service it had invested in, OnLive, restructured. HTC bought into OnLive in February 2011. OnLive wasn't the company's only failed investment. Last year it poured $300 million into the headphone maker Beats Electronics. It sold back half that stake in July.

Meanwhile, in August, it said it would invest $35.4 million in the US software firm Magnet Systems. HTC said, "The investment will bring social, mobile, and cloud capabilities to HTC's portfolio of service offerings to its mobile enterprise customers."

Most of the cash the company has on hand is from sales of Android-based devices although it is expected to announce a Windows Phone 8 phone.
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