Oct 08 AT 9:03 AM Nick Gray 42 Comments

HTC’s Q3 profits dip to $133 million, revenue plummets 48 percent year-over-year

htc-logo-paper

HTC’s numbers for the third quarter have just rolled in, revealing yet another loss for the smartphone maker. The company posted $2.397 billion (NT$70.2 billion) in revenue with $133 million (NT$3.9 billion) net income after taxes. This was a substantial drop from the $3 billion (NT$91.04 billion) in revenue and $247 million (NT$7.40 billion) net income HTC posted in Q2 of this year. While it’s always tough when compared to the company’s best quarter in history, revenue from Q3 plummeted 48 percent year-over year.

Officially, HTC has suffered through a full year of declining profits and revenue. Even though HTC finished last year on a sour note, it seems impossible the company will even come close to the $366 million in net income it posted last year in Q4. That being said, we do expect things to start picking up for HTC. The manufacturer’s fall lineup includes the impressive HTC One X+ and HTC 8X and 8S, and we still have a few rumored devices which we expect will be unveiled in time for the holidays.

Do you think HTC will start to turn things around in the fourth quarter? Or will the company continue to flounder as Samsung and Apple eat away at its market share?

Source: Bloomberg

Nick is a tech enthusiast who has a soft spot for HTC and its devices. He started HTCsource.com (the first HTC blog) back in 2007 and later joined the Android and Me family in the summer of 2010.

    Most Tweeted This Week