HTC, once the darling of the Android revolution, has published its financial results and it doesn’t make for good reading for the Taiwanese outfit.

After announcing that net profit for the first three months of this year was down 70 per cent on the same period last year, shares in HTC dropped by 6.8 per cent.

Samsung announcing profits of up to £2.8 billion made HTC’s misery worse.

After enjoying a cult following, with the likes of the HTC Desire and HTC Sensation, that saw it become the third-largest mobile phone manufacturer in the world, HTC has failed to build on its initial success.

Despite losing ground to both Samsung and Apple, HTC is hoping its fortunes will turn around with the launch of its HTC One Series.

Both the HTC One X and One S recently went on sale and both have been enjoying good reviews.

You can read Pocket-lint’s own review of the HTC One X by clicking here, and also our review of the HTC One S here.

What do you think the future holds for HTC? Let us know your thoughts.