Is HTC going to go under? The Taiwanese Giant have released their Q3 2012 profits, with disappointing results. Last quarter in Q2 was saw HTC start losing net profit as their handsets fail to sell as big as they would have liked. This could most likely be due to Apple’s and Samsung’s relentless massive product releases.
It seems that this losing streak has taken a bigger turn for the worst, as in Q3 HTC post an even lower net revenue. The company said it gained NT$70.2 billion total ($2.4 billion), with pre-tax net income at NT$4 billion ($137 million), a nearly 50 percent drop from the $250 million it earned last quarter.
HTC hope that their new Windows Phone 8X launch along with a new flagship One X+ will start correcting their financials and put them in a position of profit.
HTC RELEASES UNAUDITED RESULTS FOR 3Q 2012
Taoyuan, Taiwan–Octoboer 8, 2012: HTC Corporation (TWSE: 2498), a global leader in mobile innovation and design, today announces unaudited consolidated results for 3Q 2012. For the third quarter of 2012, total revenues reached NT$70.2 billion. Unaudited operating income was NT$4.9 billion, net income before tax was NT$4.0 billion, net income after tax, excluding minority interest, was NT$3.9 billion, and unaudited earnings per share after tax were NT$4.70 based on 831,227 thousand weighted average number of shares.