HTC Profits Continue To Crumble, Q3 Net Profit Down 79 Percent From Last Year

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There was a time a couple of years ago when HTC was on a lucky streak and every official number they released has managed to beat the one before that. Unfortunately the Taiwanese manufacturer is facing some problems as they have released their Q3 2012 unaudited financial figures.

$133.17 million was the reported unaudited net profit for the period between July and September of this year; as a comparison, the same period of 2011 made HTC record a $637.9 million net profit. The One line introduced at the MWC — with the One X, One S and One V — didn’t manage to slingshot HTC back to where it is supposed to be profit-wise and now the phone maker is hoping that its recent unveilings — which include the Windows Phone 8X, 8S, as well as the HTC One X+ — are competitive and attractive enough, with the Holiday season around the corner, to stop the decline.

Source: HTC

Via: The Verge

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