HTC's unaudited profit for the third quarter $609 million, up 68% from a year ago
The company just released its unaudited Q3 results, and announced profits of $609 million - a 68% increase from Q3 2010. Only a 6% increase, however, compared to Q2, but still a pretty strong performance, considering its purchase of S3 Graphics for $300 million last quarter, the royalties it started paying Microsoft for the use of Android, and the ongoing patent feud with Apple.
Apple, HTC and others are cutting back on orders because of the expected global slowdown, but we'll wait until HTC posts its official guidelines for the holiday quarter.
Analysts say that the margins are going slightly down, which we confirmed firsthand when we compared last quarter's performance of the eight major manufacturers, but the increased expenses are possibly going into the development of new models.