HTC has announced its consolidated third-quarter financial results, revealing yet more disappointing numbers after a year of financial woe for the Taiwanese company.
From July to September, the company reported revenues of NT$70.2 billion ($2.4 billion), with gross margin of 25.0% and operating margin of 7.0%. Net profit stood at NT$3.9 billion ($133 million), with earnings per share of NT$4.7 ($0.16).
The year-on-year figures make for grim reading, as revenues are down some 48 percent compared to Q3 2011, when HTC was in a comparatively strong position.
In today's statement, HTC singled out China as a key growth driver for the third quarter, and noted that the U.S. performed in line with expectations. The company also took the chance to highlight major upcoming product launches, such as the Android-powered One X+ in Europe and J Butterfly in Japan, as well as the new Windows Phone 8X and 8S.
However, HTC's outlook for Q4 2012 is similarly bleak, with expected revenues of NT$60 billion ($2.05 billion), a gross margin of 23% and operating margin of 1%.
Source: HTC
