HTC net profit drops again in Q3 2012

HTC keeps on sliding on the downward slope with net profits falling down 79% in Q3 2012 as its smartphones lose to rivals like iPhone and Samsung’s Galaxy S series.

HTC’s revenue in the third quarter amounted to around $2.4 billion (NT$70.2 billion), and income before taxes stood at some $137 million (NT$4 billion), declining nearly 50% from the $250 million the company earned in the preceding trimester.

In the third quarter, HTC relied mainly on its One lineup of Android phones, but it has recently unveiled the impressive HTC One X+ and two HTC Windows Phone 8 devices, that should help out pushing the company’s profits in the last quarter of the year. Do you think HTC will do well with its latest phones?

source: HTC via Reuters