HTC has seen its finances shrink a little in the third quarter of 2012. HTC announced that both net revenues and income were down year over year. HTC’s third quarter revenue was NT$70.2bn (US$2.4bn) this quarter, which is even a sizable drop from the NT$91bn they earned last quarter. Net income did not do much better, as it dropped to NT$3.9bn (US$133m).

In Q3 of 2011 HTC recorded revenue of NT$135.82bn (US$4.54bn) and profits of NT$18.68bn (US$625m). It is quite easy to see where this substantial drop is a serious problem for HTC. Even though HTC predicted decreased numbers, seeing them finalized on paper is a scary thing.

HTC has some solid devices hitting the market in the new quarter, so hopefully we will see these numbers rebound. On the Android front, the One X+ is expected to drop soon, and should prove to be a huge success for HTC. They are also receiving a strong push from Microsoft on the Windows Phone side of the equation.

Let’s hope that the end of the Q4 2012 does not bring as much doom and gloom for HTC. Still, it’s not all bad. While the numbers are down, at least they turned a profit, which is more than some companies can say.

  • aznmode1

    I used to love HTC and was torn between the HTC Evo LTE and Samsung S3 but in the end I wanted a removable battery and sd card slot.

  • Noel

    When will HTC learn from their mistakes. They have to learn to match Samsung spec for spec. The masses have been virtually pleading with them to give them devices that have removable batteries, SD card slots, ample int storage 32/64GB, 2GB RAM and also to STOP THE EXCLUSIVES. The improved One X+ addressed the int storage issue and the battery to some extent but they still have more to address in terms of specs to match or surpass those of Samsung flagship devices. Some one from HTC must have read some of the comments on blog sites made in reference to the original One X…how most of them passed on the device due to lack of SD card slot and removable battery and others who wanted the device but it wasn’t available on their carrier. So why would HTC do the same mistake by making the One X+ exclusive to Att. Most of HTC’s problems are self inflicted…cuz a stylish, well built and improved device like the One X+ should be on every major carrier. Learn from Samsung and Apple…no exclusives on Flagship devices.

    • aznmode1

      Totally agree. By making it exclusive to just ATT they are shooting themselves in the foot. I would never go to ATT regardless of how much I want a device. And having quadcore is not a must have for me anymore. S3 with dual core is pretty fast for me and I own a tegra 3 Asus prime and have played with my brothers nexus 7 and dont see a major difference in overall usage. It only mattered to me before because android was a bit laggy and I was overclocking my devices to make them smoother and faster. Once they change to a removable battery and expandable memory then I will switch back.