Things are really not going well for HTC (2498). The Wall Street Journal reports that the Taiwanese electronics manufacturer saw its profits decline 79% year-over-year as it reported “its lowest quarterly profit since 2006 as it continued to lose market share to its competitors.” HTC’s revenues in the third quarter of 2012 also fell by 48% year-over-year as the company has been increasingly overshadowed by rival Samsung (005930), which last week reported a record $7.3 billion profit in Q3 2012.
HTC earnings tank by 79% in Q3 2012
Updated Dec 19th, 2018 8:38PM EST
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Brad Reed has written about technology for over eight years at BGR.com and Network World. Prior to that, he wrote freelance stories for political publications such as AlterNet and the American Prospect. He has a Master's Degree in Business and Economics Journalism from Boston University.
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