(Playstation) HTC Q2 profit down 83 percent

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HTC’s second quarter net profit plummeted 83 percent year on year as sales of the company’s latest flagship handset failed to meet expectations.

The company reported net profit of $41.6 million, down from $2.4 billion a year earlier. Revenue totaled $2.3 billion, down 22 percent.

Results for the quarter should have been boosted by sales of the new HTC One smartphone. It went on sale in April, although the company had originally hoped to launch it at the end of March. The delay put the HTC One in closer competition with Samsung Electronics’ Galaxy S4 smartphone, which went on to reach sales of 10 million units within a month of its launch in late April.

Tough battle with Apple, Samsung

Heated competition with Samsung and Apple is a major reason for HTC’s financial woes, analysts say. To revive its smartphone business, HTC in 2012 launched its new “One” series to help create more brand visibility.

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What

s your obsolete tech really worth on eBay?

Vintage: 1982

Original price: $595

Sold on eBay: From $49 for a specimen with damage to $545 for a machine in like-new condition with the original box, cables, and manuals still wrapped

The best-selling PC of all time featured an 8-bit MOS Technology microprocessor, 64KB of RAM, and a 16-color video palette. You could hook one up to a TV and skip buying a monitor. At the C64′s peak, 40,000 of these were rolling off assembly lines each month. The C64 maintains a cult following as fans revive the machines for a round of Centipede or Platoon. Old Commodores, however, are among the items the Computer History Museum does not need donated. Dont expect your old Commodore to pay for your kid’s college, unless its rare (like this Commodore 65 prototype that recently sold for $7625).

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