HTC continues trend, net income down $137 million in Q3
HTC has just dropped its financials for the third quarter of 2012, and once again the numbers are following a downward trend. Overall, the Taiwanese mobile maker reported gains of NT$70.2 billion ($2.4billion), though net income (pre-tax) was down to NT$4 billion ($137 million). The number comes in far below last quarters income of $250 million. HTC has been banking on a strategy of fewer devices, higher quality in the hopes that it can draw customers back from the likes of Samsung and Apple, but this year’s HTC One line has yet to really spark the sort of positive earnings the company would like. Perhaps the One X+ will bring along plus results.
HTC RELEASES UNAUDITED RESULTS FOR 3Q 2012
Taoyuan, Taiwan–Octoboer 8, 2012: HTC Corporation (TWSE: 2498), a global leader in mobile 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.
[via Engadget]