It’s not been a good start to the year for HTC. It should have been, but due to the delays in manufacture of the HTC One, it’s as if the handset didn’t exist at all in Q1. Consequently, HTC’s net profit was merely $2.8 million. Compared with $173 million in Q1 last year that is disastrous news for HTC. Their underlying revenue dropped by a third to $1.4 billion. We can only hope that as soon as the gorgeous HTC One is released we see some record profits and HTC take their deserved spot up with the big guys. Perhaps even the HTC First will be the first of the year.