HTC’s Profit Falls 58 Percent

Published on July 6, 2012
by Lorraine Luk

HTC Corp. said Friday its unaudited second-quarter net profit fell 58 percent from a year earlier, as the Taiwanese smartphone maker struggles to compete with industry leaders Apple Inc. and Samsung Electronics Co.

HTC said in a statement its unaudited net profit for the three months ended June 30 was $7.40 billion New Taiwan dollars ($247 million), down from NT$17.52 billion a year earlier. Its revenue dropped 27 percent to NT$91.0 billion from NT$124.40 billion.

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