HTC are continuing to trip over themselves, with February 2013 sales dropping 44% year-over-year, reaching a new three-year low. Looking at the month-over-month numbers, sales have dropped 27%.

The Taiwanese smartphone maker is hoping that this is the bottom, and that there's only improvements heading into the future with their new flagship One smartphone reaching the market at the end of the month. First quarter results are usually tough for handset makers, who normally enjoy a strong fourth quarter.

But, HTC didn't have a strong fourth quarter, and January wasn't much better. HTC are in some trouble right now, with the competition heating up from Samsung and even LG, let alone the iPhone juggernaut.