HTC Reports $2.397 Billion In Q3 Revenues

HTC has released their numbers for Q3 of this year.  The company has reported revenues of $2.397 billion for a three month period.  Revenue is down from a little over $3 billion in Q2.  Net income after tax reached around $247 million.  HTC’s revenues are down from $4.54 billion in October 2011, which is a drop of 35% over the 12 month period.  HTC’s saw a 79% net profit drop year-over-year.

HTC LogoHTC changed their forecasts to be revenues at between $2.34 billion and $2.7 billion.  At the lower end, HTC is expecting to see around a 22% drop.  HTC is struggling to compete against Samsung and Apple.

HTC is working closely with Microsoft to release a new line of handsets called the HTC 8X and the HTC 8S powered by Windows Phone.  HTC believes that they are well positioned for growth in China for future sales.


This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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