Its shares dipped as much as 6.8% to 545 New Taiwan dollars which is in response to a loss of 70% from a year earlier to NT$4.46bn ($151m; £95m).

The numbers come as the firm faces increasing competition from rivals such as Samsung and Apple.  Clearly as more known names start to ramp up on Android, and Apple continues to fight to hold its lead in the market, there is little room for error for HTC.

HTC also reported a 35% drop in revenue for the period. Analysts said the weak results had raised concerns about the impact of the increasing competition on the firm’s future growth.  Although this is just one year of bad news, and HTC is not complete a new kid on the block, remember, they have been building phones for other brands for a long time, it may not be time to count them out. The fact the stock is only under 7% indicates investors are expecting some response to reverse the trend.  Perhaps with the release of the HTC One, and hopes of windows gaining acceptance.  However, if 2012 shows further loss of market share, THEN it could be a time to panic.

For those of you who still have your Google Ions, it has been stuck at 1.6 forever just like the myTouch.  I have been trying to find a way to upgrade it with little luck.  However with this new announcement, we could get 2.2 and hope over hope, multi-sense???

So  although the myTouch is official, there is not guarantee, that the Ion phones will be updated even though we saw on running at the I/O show. I did not see it in person, so I do not know how well it ran on the weak processor, but from what I’m told, the new OS is suppose to be faster then the 1.6 we have now, so again, that could be a full win for HTC touch/magic users.

I’ll keep you all posted as I hear more or find my HTC magically updated.