HTC’s unaudited earnings for Q3 2012 have been made public and they’re not very flattering for the Taiwanese company, with a 79% drop in profits from this time last year. The numerical value of their profits: $133.2 million from $2.4 billion in revenue.
This time last year HTC clocked in a healthy profit of $636.5 million from $4.64 billion in revenue. HTC’s revenue in the past year has dropped by almost 50%.
Their big bet on the One Series clearly hasn’t paid off, and the newly launched HTC One X+ is unlikely to sway a large number of sales in HTC’s direction. Maybe it’s time for a revolution with that constantly-rumoured 5-inch device. It’s certainly time for something new, because the current plan just isn’t working.
But hey, at least they’re still running a profit, something RIM can only dream of at the moment.