HTC earnings tank by 79% in Q3 2012

Brad Reed
BGR News
Like Apple, HTC reportedly slowing orders of Samsung components

Things are really not going well for HTC (2498). The Wall Street Journal reports that the Taiwanese electronics manufacturer saw its profits decline 79% year-over-year as it reported “its lowest quarterly profit since 2006 as it continued to lose market share to its competitors.” HTC’s revenues in the third quarter of 2012 also fell by 48% year-over-year as the company has been increasingly overshadowed by rival Samsung (005930), which last week reported a record $7.3 billion profit in Q3 2012.


Related stories

Windows Phone 8X teaser video shows off HTC’s colorful new smartphone [video]

HTC’s One X+ smartphone gets official, features a 1.7GHz quad-core processor, Jelly Bean

HTC’s upcoming One X+ flagship phone pictured in leaked photos

Get more from Follow us on Twitter, Facebook