HTC Q3 profit sinks 79% as revenues fall to TWD 70 bln

Monday 8 October 2012 | 11:07 CET | News
HTC reported a record profit decline in the third quarter amid competition from Samsung and Apple, Bloomberg reported. The company had warned in August that profits would continue falling. Revenue in Q3 slid 48 percent to TWD 70.2 billion, at the lower end of the company's forecast of TWD 70-80 billion. The net profit sank to TWD 3.9 billion, down 79 percent from the year before.

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Categories: Mobile & Wireless
Companies: Apple / HTC / Samsung
Countries: World
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