HTC Posts Its Unaudited Third Quarter Results; Profits Down 79%

The launch of Apple iPhone 5 was expected to drive down the sales of the Android handsets including the popular Galaxy S III. For Samsung, thankfully, the sales of Galaxy S III actually increased by 15% after the iPhone 5 was launched.

HTC, sadly, was not as lucky as Samsung. The company was on the receiving end of the 5 millon release weekend sales figure of the iPhone 5 launch, with its profits dipping by a whopping 79% (YoY) for the recently ended third quarter. According to the unaudited third quarter financial report of the company, it made a paltry profit of only $NT3.9 billion (133.1 million) with a total revenue of around NT$70.2 billion.

Below is the full press release from the company -:

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.

HTC recently unveiled a couple of WP8 phones (8X and 8S) and a new flagship Android handset (One X+), which the company hopes will help gain some of its lost market share back from Apple and Samsung.