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Guests use a sample phone at the launch of the HTC One smartphone in London February 19, 2013REUTERS/Toby Melville

Taiwanese tech company HTC Corporation has delayed the shipment of its flagship HTC One smartphone, citing shortage of components as the reason.

The Wall Street Journal reported that HTC has notified some of the telecom operators and retailers including Vodafone and Best Buy about the delay in shipment.

Quoting an anonymous HTC executive, WSJ said that the company is facing a shoratge of components including camera parts, leading to the delay. HTC is also said to be having difficulty in managing its parts suppliers. HTC One shipments were expected to begin in March.  

"HTC has had difficulty in securing adequate camera components as it is no longer a tier-one customer," stated the WSJ report.

Announcing the launch of HTC One in February, HTC President Peter Chou said that the phone was as "technological breakthrough". Chou was said to have talked about stepping down from his current position if the phone turned out unsuccessful.

HTC witnessed a fall of 41 percent, with its net profit plunging 91 percent in the last quarter.

HTC One sports a 4.7-inch full HD display with 468 pixels per inch and is powered by a 1.7GHz quad-core Qualcomm Snapdragon 600 processor. The phone packs 2GB of RAM and comes in 32GB and 64GB storage options. It supports Wi-Fi 802.11 a/ac/b/g/n, Bluetooth 4.0, GPS, NFC, Infrared and Micro-USB, and comes in Grey, Black and Red variants.  

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