HTC announces Q3 2012 financials, net profit down again to $137 million

HTC has released its third quarter financials, with the same trend continuing from the last quarter: lower net revenue. The company said it gained NT$70.2 billion in revenue ($2.4 billion), with pre-tax net income at NT$4 billion ($137 million), a nearly 50 percent drop from the $250 million it learned last quarter. All that is a far cry from its salad days last year, and the company will have to hope that its new Windows Phone 8X launch along with a new flagship One X+ will reverse its fortunes.

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HTC announces Q3 2012 financials, net profit down again to $137 million originally appeared on Engadget on Mon, 08 Oct 2012 04:29:00 EDT. Please see our terms for use of feeds.