HTC reports Q3 2012 financial results: struggles continue with net profit of $137 million

HTC today reported its financial results for the third quarter of 2012, announcing a net profit of only $137 million, which represents a significant 79% loss year-over-year. The Taiwanese manufacturer reported revenues of $2.4 billion, down 48% year-over-year. HTC’s struggles clearly continued into the third quarter of this year, and with the release of the iPhone 5 and strong sales of the Samsung Galaxy S III, things are not looking good for the company in the holiday quarter of this year either.

Taoyuan, TaiwanБ─⌠Octoboer 8, 2012:б═HTC Corporation (TWSE: 2498), a global leader inб═mobileб═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.